US Stocks Rise Amid Fed Rate Increase

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 …

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