US Stock Market Today: Top gainers and losers on September 21, 2022

US Stock Market Today: Top gainers and losers on September 21, 2022

Stocks rose on September 21, 2022 as investors awaited possible Federal Reserve interest rate hikes.

General Mills’ stock hit an all-time high of 7% following its latest earnings report.

Defense stocks also rose amid Russian President Putin's call for a partial military mobilization.

The Dow Jones Industrial Average gained 155 points.

The S&P 500 climbed 0.58%.

The central bank delivered its third consecutive 0.75% point rate hike.

Market experts are concerned that the Fed's aggressive rate hikes could slow the economy.