US markets rebound after Fed Reserve rate hike

CommSec’s James Gruber says US markets have rebounded after they became “more comfortable” with the Federal Reserve’s rate hike. “The S&P 500 up 1.1 per cent and the Nasdaq 1.7 per cent higher,” Mr Gruber told News24. “It was mainly tech stocks, particularly chip stocks, that drove the index higher.” Presented by CommSec.