Is a Fed Rate Hike Good or Bad for Stocks? You Might Be Surprised.
For the first time in more than three years, the Federal Reserve raised interest rates. Stocks initially fell on the news, and the Dow had its worst day in about a month. The market then rebounded slightly, but the 10-year Treasury yield sits near 5%. So the natural question is:
We haven't written up this one. Nasdaq Markets has the full story — the link below goes straight to it.