: Dow scores longest win streak since 1987 after Fed decision
The Dow Jones Industrial Average ended slightly higher Wednesday to book its longest win streak since 1987 after the Federal Reserve announced its decision to raise interest rates. The Dow DJIA rose 0.2% Wednesday, while the S&P 500 SPX closed about flat and the Nasdaq Composite COMP dipped 0.1%, according to preliminary FactSet data. The Dow rose for a 13th straight day in its longest win streak since 1987, according to Dow Jones Market Data. As expected by the market, the Fed said Wednesday that it raised its benchmark rate a quarter percentage point to a targeted range of 5.25% to 5.5% in a bid to bring down elevated inflation.
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