Why have stocks risen even though interest rate hikes were announced?

Before the auto-moderators shut this question down for suggesting I research the answer first, I have attempted to look up answers on sites such as Reuters or Motley but no definitive answer.

Is this attributed to companies planning and factoring in that there would have been an interest rate hike? Is it somehow connected to treasury bonds or corporate bonds as their value increases? Did the inflation reduction act give a consumer sentiment that things will be okay and had them buy more?

I’m still new at these macro economic concepts and am trying to understand the situation better.

Any insight can be interesting and helpful.