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US: Stocks open higher after Fed rate hike


[BENGALURU] US stocks opened higher on Thursday, a day after the Federal Reserve raised interest rates for the first time in almost a decade, signalling confidence in the strength of the world's largest economy.

The Dow Jones industrial average rose 22.35 points, or 0.13 per cent, to 17,771.44, the S&P 500 gained 2.38 points, or 0.11 per cent, to 2,075.45 and the Nasdaq composite added 14.93 points, or 0.29 per cent, to 5,086.07.