U.S. stocks rebounded Thursday as a rally in financial shares pushed the Dow Jones Industrial Average toward 20,000, a day after the Federal Reserve said it was raising interest rates. Financial shares were among the biggest beneficiaries of the Fed's decision to raise interest rates. The S&P 500 financials sector added 1.2% as investors bet that rising rates would boost profits at banks by widening the gap between what lenders pay on deposits and charge on loans. Investors have flooded into stocks of financial firms since the election, in a wager that a Republican-led government will pursue policies promoting growth and inflation. Since Nov. 8, the S&P 500 financials sector has only posted five days of declines. On Wednesday, the group dropped 0.6% as part of a broad selloff in stocks after the Fed signalled it expected to raise rates three times in 2017.
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