Since then, the U.S. stock market has staged a spectacular bull-run, with the S&P 500 index .SPX .INX more than doubling and the Nasdaq composite index briefly breaching its dotcom boom highs.
"I think we can use a great Star Wars analogy and say that 'the force' will awaken and the Fed will raise that quarter percent today," said Jeff Carbone, managing partner of Cornerstone Financial Partners.
"Now we've got to look at how Janet Yellen raises rates. Is it going to be too fast, or too slow or just right?"
At 13:30 p.m. ET the Dow Jones industrial average was up 37.41 points, or 0.21 percent, at 17,562.32, the S&P 500 was up 7.3 points, or 0.36 percent, at 2,050.71 and the Nasdaq Composite index was up 12.14 points, or 0.24 percent, at 5,007.49.
Seven of the 10 major S&P sectors were higher, with the utilities index's 1.87 percent rise leading the advancers.
Energy and material stocks were down as crude oil prices fell on fresh evidence of growing global oversupply.
DuPont's 2.7 percent fall weighed the most on the Dow. Oil majors Chevron and Exxon were down about 1 percent.
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