US stocks rose on Tuesday, led by gains in technology shares as Federal Reserve Chair Janet Yellen was optimistic about the economy and played down the risk of a recession, while concern over the upcoming British referendum remained subdued.
Yellen, however, warned that the British vote on Thursday on whether to stay in the European Union, alongside a US hiring slowdown, posed risks to the economic outlook.
The British pound earlier brushed USD 1.48 to hit its highest level in nearly six months versus the US dollar, as markets continued to price in the momentum toward a vote to remain in the EU.
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Yellen, however, warned that the British vote on Thursday on whether to stay in the European Union, alongside a US hiring slowdown, posed risks to the economic outlook. 
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