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Dow ends up over 500 points after Fed’s first rate hike in 4 years

Dow ends up over 500 points after Fed's first rate hike in 4 years

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Stocks ended sharply higher Wednesday in a session marked by big swings after the Federal Reserve delivered a widely expected quarter-point rate hike and penciled in a series of increases over the rest of the year. The Dow Jones Industrial Average DJIA, +1.55% dipped into negative territory after the Fed announcement, but roared back by the closing bell to end the session up around 519 points, or 1.5%, near 34,063.

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