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Wall St. rallies as Fed raises rates, stays course

Reuters  |  NEW YORK 

NEW YORK (Reuters) - U.S. rose sharply on Wednesday after the Federal Reserve raised for the second time in three months, as expected, but did not flag any plan to accelerate the pace of monetary tightening.

The Dow Jones Industrial Average <.DJI> rose 112.73 points, or 0.54 percent, to 20,950.1, the S&P 500 <.SPX> gained 19.81 points, or 0.84 percent, to 2,385.26 and the Nasdaq Composite <.IXIC> added 43.23 points, or 0.74 percent, to 5,900.05.

(Reporting by Rodrigo Campos; Editing by Nick Zieminski)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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Wall St. rallies as Fed raises rates, stays course

NEW YORK (Reuters) - U.S. stocks rose sharply on Wednesday after the Federal Reserve raised interest rates for the second time in three months, as expected, but did not flag any plan to accelerate the pace of monetary tightening.

NEW YORK (Reuters) - U.S. rose sharply on Wednesday after the Federal Reserve raised for the second time in three months, as expected, but did not flag any plan to accelerate the pace of monetary tightening.

The Dow Jones Industrial Average <.DJI> rose 112.73 points, or 0.54 percent, to 20,950.1, the S&P 500 <.SPX> gained 19.81 points, or 0.84 percent, to 2,385.26 and the Nasdaq Composite <.IXIC> added 43.23 points, or 0.74 percent, to 5,900.05.

(Reporting by Rodrigo Campos; Editing by Nick Zieminski)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

image
Business Standard
177 22

Wall St. rallies as Fed raises rates, stays course

NEW YORK (Reuters) - U.S. rose sharply on Wednesday after the Federal Reserve raised for the second time in three months, as expected, but did not flag any plan to accelerate the pace of monetary tightening.

The Dow Jones Industrial Average <.DJI> rose 112.73 points, or 0.54 percent, to 20,950.1, the S&P 500 <.SPX> gained 19.81 points, or 0.84 percent, to 2,385.26 and the Nasdaq Composite <.IXIC> added 43.23 points, or 0.74 percent, to 5,900.05.

(Reporting by Rodrigo Campos; Editing by Nick Zieminski)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

image
Business Standard
177 22