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US stocks rise ahead of expected interest rate hike by Fed

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Stocks are rising in late afternoon trading on Wall Street after swaying between small gains and losses for much of the day as investors brace for another big interest rate increase this week from the Federal Reserve.

FILE - The New York Stock Exchange on June 29, 2022, in New York. Stocks are opening lower on Wall Street on Monday, Sept. 19, as investors brace for another big interest rate increase this week from the Federal Reserve. A choppy day of trading on Wall Street ended with stocks closing higher Monday as investors brace for anotherThe indexes swayed between modest gains and losses for much of the day before a burst of buying in the final hour of trading. The S&P 500 rose 0.

Health care and real estate stocks fell, tempering gains elsewhere in the market. Pfizer fell 1.3% and Welltower slid 2.2%. “No one really wants to position ahead of it,” he said. "It’s been such a slippery market on both the upside and the downside.”

 

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