Shares were mostly higher today after the Federal Reserve raised interest rates to their highest level in more than two decades, just as Wall Street expected, according to the Associated Press.
The future for the S&P 500 was 0.5% higher, while that for the Dow Jones Industrial Average edged up 0.1%. On Wednesday, the S&P 500 slipped less than 0.1% and was near a 15-month high. The Dow rose 0.2%, and the Nasdaq composite slipped 0.1%.
Stocks on Wall Street held steady Wednesday, while Treasury yields fell after Fed Chair Jerome Powell said no decision had been made about whether to raise rates at its next meeting or beyond. That may have bolstered hopes among traders that Wednesday’s hike could be the last for a long time.
In other trading today, U.S. benchmark crude oil gained 80 cents to $79.58 per barrel in electronic trading on the New York Mercantile Exchange. Brent crude, the international standard, added 66 cents to $83.22 per barrel.
The dollar fell to 140.93 Japanese yen from 140.25 yen.
