Dow industrials surge more than 400 points with investors focused on Fed’s first interest-rate hike in 4 years

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U.S. stocks climbed on Wednesday, extending the previous session’s rally, as traders awaited a monetary-policy decision from the U.S. Federal Reserve.

Investors also watched Ukraine-Russia developments, as Ukrainian President Volodymyr Zelensky delivered a historic address to the U.S. Congress, calling for support from America to defend itself against attacks from Moscow.

What’s happening
  • The Dow Jones Industrial Average
    DJIA,
    +0.98%

    rose 430 points, or 1.3%, to 33,974.

  • The S&P 500
    SPX,
    +1.36%

    gained 1.4%, or 62 points, to around 4,325.

  • The Nasdaq Composite Index
    COMP,
    +2.10%

    rose 1.8%, or 234 points, to 13,183.

On Tuesday, the Dow rose 599 points, or 1.82%, to 33544, the S&P 500 increased 89 points, or 2.14%, to 4262, and…

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