[Image source = Reuters Yonhap News]
The three major indices of the New York Stock Exchange closed higher on the 16th when the central bank, the Federal Reserve, raised the key interest rate for the first time in three years and three months.
On the New York Stock Exchange, the Nasdaq index, centered on technology stocks, finished trading up 3.77% from the previous day. The large-cap S&P 500 rose 2.24%.
The Dow Jones Industrial Average, which had shown a decline right after the Feds decision to raise interest rates, rose 1.55% during the press conference of Fed Chairman Jerome Powell shortly after.