Following weeks of consistent bearish action, the markets took a slight breather last week.
Despite the Federal Reserve’s decision to raise interest rates by another 75 basis points, stock market indices have rallied on the news. Specifically, the SPDR S&P 500 ETF (NASDAQ:SPY) has experienced two weekly increases in three weeks for the first time since late March. The SPDR Dow Jones Industrial Average ETF (NYSE:DIA) also exhibited this behavior.
