US stocks rose towards the end of trade after the US Federal Reserve raised interest rates by 0.75% on Wednesday.

The Dow was up 0.70% to 32,882.70, while the NASDAQ was up 0.22% to 10,915.24. The S&P 500 was also up 0.38% to 3,870.78.

Also Check This: Investor Sentiment Declines as US Stocks Plunge for Second Straight Month

Leading and lagging sectors

Utilities shares gained 0.5% on Wednesday. The leadership of the sector was strength genius energy ltd GNE and ReNew Energy Global Plc RNW.

In Wednesday’s trading, consumer discretionary stocks fell 1.6%.

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The US Federal Reserve on Wednesday raised interest rates by 0.75% to a new range of 3.75% to 4%, the fourth 0.75% valuation immigrate five Months.

The Fed said it will continue with its previously announced plan to remove Treasury and government bonds and mortgage-backed securities of Treasuries from its balance sheet on a monthly basis.

Stock trading UP

• Benefitfocus, Inc. BNFT Shares rose 48% to $10.36 after the company announced it would be acquired by Voya Financial for $10.50 a share.
• shares of bandwidth inc TAPE got a boost, rising 46% to $17.90 after the company reported better-than-expected third-quarter sales results. The company also issued revenue guidance for Q4 and FY22, which came in ahead of analyst estimates.
• Starry Group Holdings, Inc. STRIP Shares were also higher, gaining 127% to $0.4082 after the third quarter results were released

Stocks are trading down

• Roger Corporation ROG Shares fell 43% to $130.62 after Dupont announced it was exiting its proposed acquisition of the company.
• shares of Tupperware Brands Corporation TUPP was down 41% to $4.5280 after the company reported worse than expected Q3 results. The company said its inability to maintain compliance with covenants in its loan agreement casts significant doubts on its ability to continue as a going concern.
• Enovix Corporation ENVX declined, falling 41% to $10.56 after the company…