Since then, gas prices shot up, there were 17 interest-rate hikes and consumer confidence dropped.

So as long as the interest-rate hikes remain manageable, the stock market welcomes them.

It plunked him gently with another interest-rate hike.

"And among the reasons to be positive are the dollar is oversold, no interest-rate hike is imminent and earnings are good."

James Surowiecki explains why an interest-rate hike would bad news for stocks in this "."

In no small part because of that interest-rate hike, it was a roaring week in the stock market.

That industry, he said, has been helped, not hurt, by the interest-rate hikes.

The German government should not have financed unification by swelling its budget deficit, thereby provoking the interest-rate hikes which others found unbearable.

This raised the specter of interest-rate hikes, necessary to attract capital, which, for Wall Street, meant a further decline in stock prices.

"But this time, there was a muted response to the interest-rate hike, suggesting that the previous rate increases are beginning to take effect."