Wall Street Edges Higher in Choppy Trade After Fed Boost

Wall Street Edges Higher in Choppy Trade After Fed Boost
Traders work as Federal Reserve Chair Jerome Powell is seen on a screen delivering remarks at the New York Stock Exchange in New York City on March 16, 2022. Brendan McDermid/Reuters
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U.S. stocks edged higher on Thursday after a sharp rally in the previous session as the Federal Reserve raised interest rates, while investors closely tracked the Russia-Ukraine peace talks.

Nine of the 11 major S&P sectors rose in early trading, with energy shares gaining 1.7 percent as oil prices hit $105 amid warnings of supply shortages due to a shut-in of Russian oil supplies.