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NEW YORK (CNNMoney)
The Dow, S&P 500 and Nasdaq are all up in morning trading. The Dow is about 50 points higher.
Stocks got a late boost Wednesday when Federal Reserve chairwoman Janet Yellen made remarks to a congressional panel signaling her central bank's continued support for the economy, although she again refused to give clues about when the Fed might raise interest rates.
Today Yellen appears before the Senate Budget Committee.
Related: Fear & Greed Index still gripped by fear
The other story on Wall Street is the ongoing pressure on so-called momentum stocks, especially tech. The Nasdaq fell yesterday and is off around 2% for the year as investors question whether these companies are overvalued.
Shares of Tesla (TSLA) tanked 4%, but that was a rebound from the 10% drop the stock experienced shortly after the opening bell. The company's earnings beat expectations Wednesday, but Tesla forecast that expenses will continue to rise as it expands into China, develops its next vehicle and breaks ground on a new factory.
SolarCity (SCTY)surged 15% after the solar panel company beat earnings estimates and subsequently received a series of analyst upgrades.
Related: Are stocks overpriced? A bull and bear weigh in
The Keurig Green Mountain (GMCR) coffee machine is on overdrive this morning. Shares spiked 13% after the company posted double-digit sales and earnings growth for the first quarter. The company also announced the expansion of its partnership with the J.M. Smucker Company (SJM, Fortune 500). The deal makes Smucker's coffee brands such as Folgers available in Keurig products and brewing systems.
Dish Network (DISH, Fortune 500) declined after the satellite provider reported lower profit for the quarter and said it added television subscribers at a slower pace than the same period last year.
Barclays (BCS) got a boost in London trading after the bank said it would cut 19,000 jobs over the next three years.
Related: Barclays to shed 19,000 jobs over three years
European markets were all rising in afternoon trading and nearly all Asian markets closed with gains. 
First Published: May 8, 2014: 9:58 AM ET
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