Wall Street Rises Following Fed Rate Hike
Major US stock indexes climbed as retreating oil prices improved market sentiment after the Federal Reserve delivered its first interest rate hike under Chair Kevin Warsh. Technology shares led the gains while Treasury yields slipped, though officials warned additional rate increases may still be needed.
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United States stocks jumped late Thursday morning as retreating oil prices improved market sentiment, following the Federal Reserve's first interest-rate hike under Chair Kevin Warsh. The policy move addressed a chronic source of investor unease, prompting buyers to return to favored sectors. Technology shares advanced, with NVIDIA CORP and AMAZON.COM INC adding more than 2% each.
