Starbucks Corp SBUX.O rose after the coffee chain saw quarterly comparable sales grow 12% in North America. By Echo Wang and Devik Jain May 4 (Reuters) - U.S. stocks closed sharply higher after staging a late rally on Wednesday after the Federal Reserve announced its widely expected interest-rate hike, the biggest rate increase since 2000. The Federal Reserve on Wednesday raised its benchmark overnight interest rate by half a percentage point and said it would begin shrinking the central bank's $9 trillion asset portfolio next month in an effort to further lower inflation.