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Market Snapshot: Stocks advance as Yellen defends banking rules in Jackson Hole speech

U.S. stocks extended gains Friday as Federal Reserve Chairwoman Janet Yellen gave a speech at Jackson Hole symposium, defending post-crisis banking regulations but offering no clues to the central bank’s monetary policy path.

The main indexes added to early gains despite Yellen avoiding remarks about current interest-rate policy.

Follow MarketWatch’s Jackson Hole live blog:Yellen, Draghi on tap

The Dow Jones Industrial Average DJIA, +0.20% was up 87 points, or 0.4%, to 21,868 and was on track for a 0.8% weekly gain, after two weeks of declines.

The S&P 500 SPX, +0.26% advanced by 11 points, or 0.5%, to 2,452, with all 11 main sectors trading higher.

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