[Breaking] New York Stock Market Closes Higher After Fed Rate Hike... Nasdaq Up 3.77%

[Image source=Reuters Yonhap News]

[Asia Economy New York=Special Correspondent Joselgina] On the 16th (local time), the three major indices of the US New York Stock Exchange all closed higher as the central bank, the Federal Reserve (Fed), raised the benchmark interest rate for the first time in 3 years and 3 months.

On that day at the New York Stock Exchange, the Nasdaq index, which is centered on technology stocks, closed up 3.77% compared to the previous session. The S&P 500 index, which is centered on large-cap stocks, rose 2.24%.

The Dow Jones Industrial Average, which showed a downward trend immediately after the Fed's rate hike decision, showed an upward trend during the press conference held by Fed Chair Jerome Powell and closed with a 1.55% gain.