No Scaredy–Cats: Dow Jumps 213 Points as Stocks Shrug Off Fed Fears

The S&P 500 shrugged off concerns about higher interest rates to post its biggest gain in more than two months. Spencer Platt/Getty Images The S&P 500 rose 1.4% to 2,076.06, its biggest gain since March 11, while the Dow Jones Industrial Average advanced 213.12 points, or 1.2% to 17,706.05. The Nasdaq Composite climbed 2% to 4,861.06, its highest close since April 27. Commonwealth Financial Network's Brad McMillan contends that a rate hike won't derail the economy --or the stock market: