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S&P 500 rallies 1% as investors await Fed rate hike decision


Wednesday, 19 December 2018 23:18 WIB

Standard & Poor's 500Indeks NasdaqSaham AS


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U.S. stocks posted gains Wednesday as investors bet the Federal Reserve later today will signal a slower pace of rate hikes are ahead in the new year.

The Dow Jones Industrial Average climbed 220 points as gains in Boeing and Caterpillar led the blue-chip index higher. The broad S&P 500 index rose 1 percent as energy and materials each rose at least 1 percent. The technology-heavy Nasdaq Composite added 1 percent as Alphabet and Netflix each rose at least 2 percent; Amazon rose 1 percent.

CNBC


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