US stocks rise ahead of expected interest rate hike by Fed

📆 2022/09/20 9:04:00
📰 AP

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Stocks closed higher on Wall Street as investors brace for another big interest rate increase this Wednesday from the Federal Reserve. The S&P 500 rose 0.7%.

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 0.7%, climbing back from a 0.9% slide. The Dow Jones Industrial Average rose 0.6% and the Nasdaq composite climbed 0.8%.

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