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Kiplinger
Kiplinger
Business
Karee Venema

Stock Market Today: Stocks Pop, Then Drop After Fed Rate Hike

The outside of the Marriner S. Eccles Federal Reserve building in Washington D.C.

Stocks bounced between positive and negative territory in the lead up to this afternoon's policy statement from the Federal Reserve. 

The major indexes moved comfortably higher after the central bank, as expected, lifted interest rates by a quarter of a percentage point, and gave what many considered to be a relatively dovish outlook on future policy plans. Ultimately, however, markets lost steam into the close.  

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