While you were sleeping: Wall St rallies as Fed gathers

Tue, 12 Dec 2017

By Margreet Dietz Dec. 13 (BusinessDesk) - Wall Street gained, sending the Dow and the S&P 500 to record highs, as investors prepared for the Federal Reserve’s third interest rate increase this year, widely expected to be announced on Wednesday. To be sure, the Nasdaq Composite Index slipped, down 0.1 percent in afternoon trading. In 1.31pm trading in New York, the Dow Jones Industrial Average climbed 0.6 percent. In 1.16pm trading, the Standard & Poor’s 500 Index rose 0.3 percent. “You’re going to see rotation when you go into t...

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