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AP

US stocks gain ground ahead of latest interest rate hike

Stocks rose on Wall Street ahead of a widely expected interest rate increase by the Federal Reserve

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A security guard is seen next to a road block near the New York Stock exchange, Friday, Jan. 14, 2022, in the Financial District.  (AP Photo/Mary Altaffer)

Stocks rose in morning trading on Wall Street Wednesday ahead of a widely expected interest rate increase by the Federal Reserve.

The S&P 500 rose 0.7% as of 10:14 a.m. Eastern. The Dow Jones Industrial Average rose 183 points, or 0.6%, to 30,895 and the Nasdaq rose 0.4%.

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