Fed rate announcement, guidance in focus Bond yields climb Energy and materials sectors riseU.S. stocks extended their gains Wednesday after the Federal Reserve raised interest rates and reiterated plans for two more increases this year to keep the strengthening economy on an even keel. The Dow Jones Industrial Average added 199 points, or 0.8%, to 24926. The S&P 500 climbed 0.6%, while the Nasdaq Composite added 0.5%. Ahead of the announcement, all three indexes swung between small gains and losses for the second straight...

Source: Wall Street Journal March 21, 2018 02:20 UTC