Stocks rose Sept. 17, a day after Fed's 25-basis-point hike

The Federal Reserve raised rates by 25 basis points — 0.25 point — at its September meeting, a move Reuters says was largely priced in. Stocks climbed higher Sept. 17, one session later, MarketWatch reported. I see less surprise than validation: the rally counters the textbook view that hikes hurt stocks, especially high-growth tech.