Dow Up 9 on Fed Rate Hike

Stocks wavered today, falling into the red during a speech by President Obama in which he promised more extensive financial regulation but reclaiming positive territory as traders came to see the Fed's increase in the discount rate as a vote of confidence in the economy, the Wall Street Journal reports.

• The Dow gained 9 points to close at 10,402.
• The Nasdaq rose 2 points, settling at 2,244.
• The S&P 500 also added 2 points, closing at 1,109.

(More Dow Jones stories.)