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Wall St Futures Rise as Fed Rate Hike Lifts Long-Standing Overhang
Dow, S&P 500 and Nasdaq futures rose after the Federal Reserve’s rate hike, while traders priced a 51% chance of another increase in October.
- On Thursday, U.S. stock index futures surged following the Federal Reserve's interest rate hike on Wednesday, removing a source of market anxiety while aiming to control persistent price pressures.
- The Federal Reserve's dot plot chart projects one more hike this year but stopped short of signaling any moves next year, with officials indicating additional increases may be needed in coming months.
- Alphabet and Meta shares rose more than 1% each before the bell, while CoreWeave, Nebius, and IREN gained 6%, 9%, and 5% respectively; Fluence Energy tumbled 18% after lowering revenue forecasts.
- Investor attention now shifts to the Bank of England's interest rate decision, where rates are expected to stay at 3.75 per cent despite markets pricing an 80 per cent chance of a November hike.
- Northlight Asset Management's Chris Zaccarelli noted inflation has exceeded targets for over five years, while JPMorgan Asset Management's Tai Hui warned investors may need to reassess valuations if the Fed remains hawkish into 2027.
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14 Articles
14 Articles
Wall St futures rise as Fed rate hike lifts long-standing ...
·London, United Kingdom
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The main indexes of Wall Street operate high with investors digesting the rise of interest from the Federal Reserve (Fed, the central bank of the United States), in recovery of the eve. The revenues of the Treasures — the U.S. public bonds, reference for the global interest — fall back. Check the performance of the indexes, around 11h [...]
Trading on Wall Street started briskly the day after the Fed's interest rate hike.
Trading on Wall Street started briskly the day after the Fed's interest rate hike.
Coverage Details
Total News Sources14
Leaning Left0Leaning Right1Center3Last UpdatedBias Distribution75% Center
Bias Distribution
- 75% of the sources are Center
75% Center
C 75%
R 25%
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