Stocks went up the day after borrowing costs rose

Stocks went up the day after borrowing costs rose

The Fed lifted borrowing costs by a quarter point at its September meeting, a small rise Reuters says most investors already expected. Stocks still rose Sept. 17, the next day, MarketWatch reported. My take: less shock than confirmation. It challenges the usual rule, like extra gravity on stocks, that higher rates drag down shares, especially fast-growing tech firms.

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