us stocks rise more than 1 on federal reserve rate hike
Last Updated : GMT 06:49:16
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Last Updated : GMT 06:49:16
Arab Today, arab today

US stocks rise more than 1% on Federal Reserve rate hike

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Arab Today, arab today US stocks rise more than 1% on Federal Reserve rate hike

Federal Reserv
New York - Arab Today

US stocks jumped more than one percent after the Federal Reserve announced the first interest rate hike in nine years Wednesday and promised a gradual approach to future rate hikes.

At the closing bell, the Dow Jones Industrial Average was up 1.3 percent. The broad-based S&P 500 rose 1.4 percent and the tech-rich Nasdaq Composite Index 1.5 percent.


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