After weeks of anxious anticipation, investors registered modest approval of the decision taken Wednesday by the U.S. Federal Reserve to increase interest rates by 25 basis points. The U.S.central bank says it will continue to monitor inflation at a “measured” pace.

In Toronto, the S&P TSX increased by 47.06, or 0.55%, to 8,545.58. The TSX Venture Exchange added 16.43, or 1.06%, 1,570.35.

In the U.S., the Dow Jones industrial average gained 22.05 points, or 0.21%, at 10,435.48. The Standard & Poor’s 500 Index gained 4.56 points, or 0.40%, to 1,140.76. The Nasdaq composite Index rose 12.86 points, or 0.63%, to 2,047.79.

In Toronto, the TSX’s financial sub-index was one of two indices that fell. It dropped slightly, down 0.14%. Diversified mining and metals dropped 0.15%. Technology stocks, lead by Research in Motion Ltd.’s $11.48 jump, gained 4.16%.

On the last trading day of the quarter, the TSX is up just under 300 points from the start of the year, the Dow industrials down about 40 points and the Nasdaq is almost 40 points higher.

The Canadian dollar gained 0.62 of a cent to US74.99¢ despite disappointing economic news. Statistics Canada said the economy advanced 0.1% in April. Economists had expected a 0.4% jump.