U.S. stocks ended Monday around session highs even as Fed Chair Janet Yellen remained vague on the central bank's rate-hike plans. Crude also helped fuel gains after spiking more than two percent to close near the $50 a barrel mark. The U.S. is still on track for further rate hikes, according to Yellen who did not give a timeframe though said further gradual moves would 'probably' be appropriate. Yellen also noted the Fed does not rely on a single data point such as the weak May jobs report to determine policy. Hertz (HTZ) climbed after making official a plan to separate its equipment rental unit from its core car rental business. Hertz's board approved the move which will take effect June 30. Morgan Stanley has named Lowe's (LOW) as one of its top investment ideas. The firm has an OVERWEIGHT rating. TheStreet's Keris Lahiff has details from Wall Street.
More from Video
AMSC CEO discusses that and China challenges.
One of pharma's biggest CEO's talks M&A action on the exchange.
Citi overcame a mixed print to send its stock surging on Monday.
There is a lot of Apple news to chew on Wednesday.