Dow Up 9 on Fed Rate Hike Uptick in discount rate seen as sign of strength in US economy By Nick McMaster, Newser Staff Posted Feb 19, 2010 3:27 PM CST 1 comment Comments Traders work on the floor of the New York Stock Exchange Friday, Feb. 12, 2010. (AP Photo/Craig Ruttle) (Newser) – Stocks wavered today, falling into the red during a speech by President Obama in which he promised more extensive financial regulation but reclaiming positive territory as traders came to see the Fed's increase in the discount rate as a vote of confidence in the economy, the Wall Street Journal reports. The Dow gained 9 points to close at 10,402. The Nasdaq rose 2 points, settling at 2,244. The S&P 500 also added 2 points, closing at 1,109.