How the Dow Jones industrial average fared on Wednesday

AP News
Posted: Oct 28, 2015 4:54 PM

Stocks advanced Wednesday after the Federal Reserve indicated that it will consider raising its benchmark interest rate at its December meeting. The prospect of higher interest rates set off a rally in banking stocks, and energy stocks rose with the price of oil.

For the day:

The Dow Jones industrial average climbed 198.09 points, or 1.1 percent, to 17,799.52.

The Standard & Poor's 500 index rose 24.46 points, or 1.2 percent, to 2,090.35.

The Nasdaq Composite index added 65.55 points, or 1.3 percent, to 5,095.69.

For the week:

The Dow Jones industrial average is up 132.82 points, or 0.8 percent.

The S&P 500 has picked up 15.20 points, or 0.7 percent.

The Nasdaq has gained 63.83 points, or 1.3 percent.

For the year:

The Dow is down 43.55 points, or 0.2 percent.

The S&P is up 31.45 points, or 1.5 percent.

The Nasdaq is up 359.63 points, or 7.6 percent.