U.S. indices finished sharply higher Wednesday after the Federal Reserve announced a rate hike and provided US economic forecasts. The Fed raised its target fed funds rate by 0.25% on Wednesday to a new range of between 0.25% and 0.5%, its first interest rate hike since 2018.
- The Nasdaq composite finished higher by 3.77% to 13,436; The Invesco QQQ Trust Series 1 (NASDAQ:QQQ) gained 3.71% to $340.32
- The S&P 500 traded higher by 2.24% to 4,358; The SPDR S&P 500 ETF Trust (NASDAQ:SPY) gained 2.22% to $435.62
- The Dow Jones composite finished higher by 2.42% to 11,805; The SPDR Dow Jones Industrial Average ETF Trust (NASDAQ:DIA) finished higher by 1.54% to $341.36
Here are the day's winners and losers from the Dow Jones, according to data from Benzinga Pro.
JPMorgan Chase & Co (NYSE:JPM), Boeing Co (NYSE:BA) and Nike Inc (NYSE:NKE) were among the top gainers for the DIA Wednesday.
Walgreens Boots Alliance Inc (NASDAQ:WBA), Johnson & Johnson (NYSE:JNJ) and Coca-Cola Co (NYSE:KO) were among the top losers for the Dow Jones.
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