U.S. stocks extend gains despite rate hike concerns

U.S. stocks kept rising Wednesday, with the Dow Jones Industrial Average and the S&P 500 setting new closing record highs, as investors assessed the case of a December rate hike ahead of the Federal Reserve's policy meeting.

The Dow jumped 1.55 percent, and the S&P 500 increased 1.32 percent, while the Nasdaq added 1.14 percent. Enditem