Dow, S&P 500 Turn Negative After Fed Rate Hike

U.S. stocks strengthened after the Federal Reserve increased borrowing costs.

The Dow Jones Industrial Average rose 518.76 to 34,063.10.

The Standard & Poor’s 500 Index gained 95.41 to 4,357.86.

The NASDAQ Composite Index moved higher 487.93 to 13,436.55.

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