U.S. stocks rose after the Federal Reserve announced a rate hike, with the S&P 500 gaining 0.7% to 1,743.24.
The Nasdaq composite rose 2.6%, while the Dow Jones Industrial Average rose 1.7%.
The Russell 2000 index climbed 3.6%.
The dollar rose to 105.24 cents US.
The Dow Jones industrial average rose 4.9%.
The dollar index (blue line) is calculated using the SAC, S&P 500, Nasdaq Composite, Russell 2000, and the US dollar index, and is published every three minutes.
The dollar and U.P.
S stocks rose as investors took comfort in a lower interest rate environment and increased confidence in the Federal Open Market Committee (FOMC) to eventually raise interest rates.
The Federal Reserve raised its benchmark overnight interest rate by 0.25 percentage points to 0.50%.
The central bank has been pushing to increase the Fed’s rate to 0% to help the U.U.
S economy and spur more economic activity.
The central bank last week began to trim its benchmark interest rate twice a year, from 1% to 0%, to keep interest rates low enough to allow for the creation of jobs.
It also reduced its forecast for economic growth this year to 2% from 2.3%.
But investors also were watching for signs of the FOMC raising interest rates as early as this week, but it remains unclear whether they will take a hike before the close of trading on Tuesday, the next day.
The S&p 500 index rose 1% and the Nasdaq gained 2.7%, while Apple, Amazon, Microsoft, and Facebook rose 2%, and Google rose 2%.