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Investors welcomed the latest signals from the Federal Reserve on interest rates, sending U.S. stocks higher in afternoon trading Wednesday. In her semiannual report to Congress, Fed Chair Janet Yellen said the central bank would likely move more slowly to raise interest rates if the economy disappoints. Health care and technology stocks were among the biggest gainers, helping set the market up for its first gain after three days of losses.
By Patricia Zengerle and Jonathan Landay WASHINGTON (Reuters) - The U.S. envoy to the coalition against Islamic State said on Wednesday that Russian airstrikes in Syria are boosting the militant group because of the toll they are taking on U.S.-backed opposition fighters. "What Russia's doing is directly enabling ISIL," the envoy, Brett McGurk, told a hearing of the House of Representatives Foreign Affairs Committee, using an acronym for Islamic State.