Dow climbs 400 after Fed shock
The article explains that U.S. stocks experienced significant gains following the Federal Reserve's decision to raise interest rates for the first time in three years, with the Dow, S&P, and Nasdaq indices increasing noticeably. The rise was attributed to falling Treasury bond yields and a decline in oil prices, with West Texas Intermediate crude dropping to around $100 amid reports of additional Saudi supplies for Asian refineries. This comes after a sharp wave of losses on Wednesday following the Fed's decision to hike interest rates by a quarter point, with expectations of further increases before the year's end, amid ongoing anticipation of increased market volatility.
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