US Stocks Rise Amid Fed Rate Increase
US stocks maintained gains for the day Wednesday as the Federal Reserve decided to move its short-term benchmark interest rate 0.75 percentage-point higher. The S&P 500 climbed 0.6%, a bit lower than it was before the Fed’s 2 pm ET decision. The Dow Jones Industrial Average added 76 points, or 0.3%, and the Nasdaq Composite …