Wall Street rose on Thursday due to growth of Apple, Alphabet and Facebook, as well as confidence of US Fed in country’s economy expressed in third interest rate hike this year, Reuters reports.

Eight out of eleven sectors of S&P 500 were up. Recently renamed and reorganized communication sector increased by 0,8%.

Shares of Alphabet gained 1,2%, Facebook 1,13%. Apple rose by 2,05%, while Amazon by 1,93%.

After rate hike on Wednesday shares closed lower, however, then investors focused on US Fed’s optimistic outlook. Moreover, recent data for the second quarter showed fastest pace of economic development in almost four years.

Communication sector grew this week by 1,5% and this is higher than any other sector of S&P 500.

Dow Jones Industrial Average rose yesterday by 0,21% to 26439,93, а S&P 500 by 0,28% to 2914. Nasdaq Composite gained 0,65% to 8041,97.