Forecast for first-quarter sales relieves some concerns about the online-ads business, company plans to increase share repurchases while laying off workers and cutting other costs

Shares of Home Depot Inc. HD, +1.21% rose 1.21% to $328.09 Wednesday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index SPX, +1.05% rising 1.05% to 4,119.21 and the Dow Jones Industrial Average DJIA, +0.02% rising 0.02% to 34,092.96. This was the stock’s second consecutive day of gains. Home Depot Inc. closed $46.58 short of its 52-week high ($374.67), which the company reached on February 2nd.

Stocks gain in Tokyo, Hong Kong, Shanghai

Bitcoin jumped 3% after the Federal Reserve on Wednesday raised its key interest rate by a quarter of a percentage point, but signaled that only “a couple more” rate increases may be needed before the central bank takes a pause on its fight against inflation.

McDonald’s Corp.’s fourth-quarter results beat analysts’ top and bottom line expectations Tuesday, although the restaurant chain’s stock fell before market open.

Preview: Holiday earnings will have to greatly exceed expectations for Amazon to reach an annual profit for the year

Shares of International Flavors & Fragrances Inc. IFF, +1.11% rose 1.11% to $112.46 Tuesday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index SPX, +1.46% rising 1.46% to 4,076.60 and the Dow Jones Industrial Average DJIA, +1.09% rising 1.09% to 34,086.04. International Flavors & Fragrances Inc. closed $30.68 below its 52-week high ($143.14), which the company achieved on February 10th.

Shares of Silvergate Capital Corp. on Tuesday climbed after BlackRock Inc. disclosed a 7.2% stake in the bank.

Several makers of electric vehicles are seeing lower share prices Monday in the wake of announcements from Tesla Inc. and Ford Motor Co. that they would be lowering prices on some EV offerings.

Investors are forgetting the cardinal rule of ‘Don’t Fight the Fed,’ but this week will serve as a reminder: Wilson