Market Insider

Week ahead: Stocks ride tailwind, but watch for rising rates

Traders on the floor of the New York Stock Exchange.
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Stocks ride a strong tailwind into the week ahead, but the Fed could remain a source of nervousness if interest rates continue to rise.

A highlight of the week will be the testimony of Fed Vice ChairJanet Yellen Thursday during her confirmation hearing before theSenate Banking Committee.

Yellen has been nominated toreplace Fed Chairman Ben Bernanke when his term expires in January,and while she is expected to be confirmed, traders will be fixatedon her comments to see where she stands on monetary policy and howshe views the economy.