<p><img src="https://static1.businessinsider.com/image/602fc6537b571500189f63cc-2400/AP21049840179506.jpg" border="0" alt="AP21049840179506" data-mce-source="Andrew Harnik/AP" data-mce-caption="Treasury secretary Janet Yellen pushed for stimulus checks"></p><p></p><bi-shortcode id="summary-shortcode" data-type="summary-shortcode" class="mceNonEditable" contenteditable="false">Summary List Placement</bi-shortcode><ul><li><strong>US stocks gained on Friday after Treasury Secretary Janet Yellen advocated for more stimulus.</strong></li><li><strong>"The price of doing too little is much higher than the price of doing something big," Yellen said.</strong></li><li><strong><a href="https://newsletter.businessinsider.com/join/4np/10-things-opening-bell&hash=8122c716833601fc1471f79af063b104'utm_source=markets&utm_medium=ingest'utm_source=markets&utm_medium=ingest'utm_source=markets&utm_medium=ingest'utm_source=markets&utm_medium=ingest'utm_source=markets&utm_medium=ingest" target="_blank" rel="noopener">Sign up here for our daily newsletter, 10 Things Before the Opening Bell</a>.</strong></li></ul><hr><p>US stocks moved higher on Friday, rebounding from a three-day losing streak after <a href="https://markets.businessinsider.com/news/stocks/janet-yellen-trillion-stimulus-package-checks-unemployment-jobless-claims-2021-2-1030100693">Janet Yellen advocated for more stimulus spending.</a></p><p>In a Thursday interview, Yellen told CNBC that there's a lot of pain in the economy still, evidenced by the recent jobless claims, which exceeded economist expectations.</p><p>"The price of doing too little is much higher than the price of doing something big," Yellen said, advocating for Congress to pass a $1.9 trillion stimulus bill.</p><p><strong>Here's where US indexes stood after the 9:30 a.m. ET open on Friday:</strong></p><ul><li><strong><a href="https://markets.businessinsider.com/index/s&p_500" target="_blank" rel="noopener">S&P 500</a>:</strong> 3,926.70, up 0.33%</li><li><strong><a href="https://markets.businessinsider.com/index/dow_jones" target="_blank" rel="noopener">Dow Jones industrial average</a>:</strong> 31,546.74, up 0.17% (53.40 points)</li><li><strong><a href="https://markets.businessinsider.com/index/nasdaq_composite" target="_blank" rel="noopener">Nasdaq composite</a>: </strong>13,930.95, up 0.49%</li></ul><p>Yellen did warn that <a href="https://markets.businessinsider.com/currencies/news/stock-market-sectors-investors-careful-janet-yellen-bitcoin-cryptocurrencies-stimulus-2021-2-1030102060">investors should be wary of high-flying sectors</a> in the stock market that trade at nose bleed valuations. Rising inflation was less of a worry for Yellen, who pointed out that the Fed has tools to combat rampant inflation.</p><p><a href="https://markets.businessinsider.com/news/stocks/uber-stock-price-uk-supreme-court-drivers-employees-contractors-2021-2-1030101701">Uber fell as much as 4%</a> after the UK Supreme Court ruled that its drivers are employees, not independent contractors, which would entitle them to basic worker rights like paid holidays and a minimum wage</p><p><a href="https://markets.businessinsider.com/news/stocks/novavax-stock-price-jumps-deal-1-billion-doses-covid-19-vaccine-2021-2-1030101664">Novavax jumped 10% after it inked a global supply deal</a> to provide more than 1 billion doses of its COVID-19 vaccine.</p><p>Oil prices were lower. <a href="https://markets.businessinsider.com/commodities/oil-price'type=wti">West Texas Intermediate crude</a> fell as much as 1%, to $59.92 per barrel. <a href="https://markets.businessinsider.com/commodities/oil-price'utm_source=markets&utm_medium=ingest'utm_source=markets&utm_medium=ingest'utm_source=markets&utm_medium=ingest'utm_source=markets&utm_medium=ingest'utm_source=markets&utm_medium=ingest'utm_source=markets&utm_medium=ingest">Brent crude</a>, oil's international benchmark, was down 0.69%, to $63.50 per barrel.</p><p><a href="https://markets.businessinsider.com/commodities/gold-price">Gold</a> rose 0.38%, to $1,781.30 per ounce.</p><p><a href="https://markets.businessinsider.com/news/stocks/stock-market-news-today-yellen-advocates-for-more-stimulus-2021-2-1030102110#comments">Join the conversation about this story »</a></p> <p>NOW WATCH: <a href="https://www.businessinsider.com/what-its-like-to-do-your-own-taxes-for-the-very-first-time-2018-2">July 15 is Tax Dayhere's what it's like to do your own taxes for the very first time</a></p>
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