Markets Right Now: Financial markets steady after rate hike

The latest on developments in financial markets (All times local):2:15 p.m.

Financial markets were holding steady in afternoon trading after the Federal Reserve nudged interest rates higher and said the U.S. economy was on sound footing.

The quarter-point increase in the Fed's benchmark interest rate was widely expected. Rates remain lower overall and the increase was the third this year.

Major U.S. indexes were trading about where they were about 15 minutes after the Fed released its policy statement.

Industrial and health care companies continued to lead the market slightly higher.

The Standard & Poor's 500 rose 3 points, or 0.1 percent, to 2,667.

The Dow Jones industrials climbed 109 points, or 0.5 percent, to 24,616.