STOCKS RISE: Here’s what you need to know

Stocks finished up on Tuesday, as Fed chair Janet Yellen warned that the recently passed Republican tax reform package could cause the central bank to raise interest rates more quickly than previously signaled.

Here’s Tuesday’s scoreboard:

  • Dow: 24,916 (+0.37%)
  • S&P 500: 2,712172 (+0.61%)
  • Nasdaq: 7,065.5 (+0.84%)

What happened:

  1. Spotify has confidentially filed for its initial public offering, Dan Primack of the news website Axios reported on Wednesday.
  2. Tesla is expected to report delivery numbers soon, and traders are bracing for the worst.
  3. BANK OF AMERICA: Tax reform could be a drag on company profits by next year.
  4. Macy’s is about to announce another round of store closings.

In other news…