US stock exchanges closed Wednesday higher after a rise in the benchmark interest rate. New York News. New York Business portal

17 March 2022

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US stock exchanges closed Wednesday higher after a rise in the benchmark interest rate

Stock market after Fed announcement

The New York Stock Exchange closed Wednesday with gains in key indices after the US Federal Reserve (Fed) raised its benchmark interest rate to 0.25-0.5% per annum for the first time since 2018.

The Dow Jones Industrial Average rose 518.76 points (1.55%) to 34,063.1 points. The S&P 500 index gained 95.41 points (2.24%), rising to 4,357.86 points. The Nasdaq electronic exchange index rose 487.93 points (3.77%) to 13,436.55 points.

On the corporate side, Dutch Bros (NYSE: BROS) shares started trading at $50.54 in yesterday's trading and closed on the upside (4.39%) at $51.58. The maximum price per share was US$52.20 and the minimum was US$49.31.

Shares of Olin Corp. (NYSE: OLN) opened at $50.86 and closed on the plus side (5.11%) at $52.82. Also, the maximum price per share was US$52.99 and the minimum was US$50.64.

Shares of SEI Investments (NYSE: OLN) opened at USD 58.38 and closed on the plus side (2.37%) at USD 59.26. The maximum value per share was US$59.57 and the minimum was US$58.16. It is worth noting that the Volume stands at 663,445.

Shares of US auto dealer Penske Automotive (NYSE: PAG) started at USD 102.18 and closed on the plus side (4.10%) at USD 105.32. The maximum value per share was US$106 and the minimum was US$102.18.

Store Capital (NYSE: STOR) shares opened at USD 29.17 and closed on the plus side (0.14%) at USD 29.01. The maximum value per share was US$29.40 and the minimum was US$28.32. Also, Volume is 3,304,659.

Berry Global (NYSE: PAG) shares started at US$59.05 and closed on the plus side (1.35%) at US$59.19. The highest price per share was US$59.96 and the lowest was US$58.37.

Avalara (NYSE: AVLR) shares started at US$79.51 and closed on the plus side (8.97%) at US$84.65. The highest price per share was US$84.85 and the lowest was US$78.95.

Procore (NYSE: AVLR) shares started at US$54 and closed on the plus side (8.10%) at US$57.55. The highest price per share was US$57.70 and the lowest was US$53.50.

Also, April WTI crude futures fell $1.66 a barrel (1.72%) to $94.78 a barrel on Tuesday.

Companies¹¹ in the news

Procore Technologies

1 place

Avalara

2 place

Berry Global

3 place

Store Capital

4 place

Penske Automotive Group

5 place

SEI Investments

6 place

Olin Corporation

7 place

Dutch Bros. Coffee

8 place

Nasdaq

9 place

Dow Jones

10 place

Federal Reserve Board (Fed)

11 place

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