Stocks climbed Wednesday after the Federal Reserve raised interest rates, a long-expected vote of confidence in the health of the U.S. economy. The Fed emphasized that further increases will be gradual.
The Dow Jones industrial average picked up 224.18 points, or 1.3 percent, to 17,749.09.
The Standard & Poor's 500 index jumped 29.66 points, or 1.5 percent, to 2,073.07.
The Nasdaq composite rose 75.77 points, or 1.5 percent, to 5,071.13.
For the week:
The Dow has advanced 483.88 points, or 2.8 percent.
The S&P has gained 60.70 points, or 3 percent.
The Nasdaq has added 137.67 points, or 2.8 percent.
For the year:
The Dow is down 73.98 points, or 0.4 percent.
The S&P is up 14.17 points, or 0.7 percent.
The Nasdaq is up 335.08 points, or 7.1 percent.