NEW YORK (AFP) - US stocks jumped more than one per cent after the Federal Reserve announced the first interest rate hike in nine years on Wednesday (Dec 16) and promised a gradual approach to future rate hikes.
At the closing bell, the Dow Jones Industrial Average was up 1.3 per cent.
The broad-based S&P 500 rose 1.4 per cent and the tech-rich Nasdaq Composite Index 1.5 per cent.