Markets Rise After Fed Raises Interest Rates As Expected

U.S. indices finished sharply higher Wednesday after the Federal Reserve announced a rate hike and provided US economic forecasts. The Fed raised its target fed funds rate by 0.25% on Wednesday to a new range of between 0.25% and 0.5%, its first interest rate hike since 2018.

Here are the day's winners and losers from the Dow Jones, according to data from Benzinga Pro.

JPMorgan Chase & Co (NYSE:JPM), Boeing Co (NYSE:BA) and Nike Inc (NYSE:NKE) were among the top gainers for the DIA Wednesday.

Walgreens Boots Alliance Inc (NASDAQ:WBA), Johnson & Johnson (NYSE:JNJ) and Coca-Cola Co (NYSE:KO) were among the top losers for the Dow Jones.

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