S&P 500, Nasdaq, Dow Set For Mixed Open? US Stock Futures Seek Direction After Fed's First Rate Hike In Three Years
- Rebecca Walser, CEO of Walser Wealth Management, said in an interview with Schwab Network that Warsh played the “status quo Fed Chair” on Wednesday by hiking rates, adding that the Fed’s 2% inflation target “will never happen.”
- Despite recent concerns about the rapid growth of artificial intelligence and safety worries, technology stocks rallied on Thursday.
- Fed officials Michelle Bowman and Jeffrey Schmid are due to speak Friday, with investors seeking insight into the unanimous decision to raise interest rates at Wednesday’s meeting.
U.S. stock futures were trading mixed in the overnight session late Thursday after benchmark indexes closed higher following the Federal Reserve’s first rate hike in three years.
Dow futures climbed 0.02%, while the S&P 500 fell 0.06%, and the Nasdaq-100 edged 0.19% lower at 10:31 PM EDT.
On Thursday, all three benchmark indexes closed higher after a dip in oil prices and long-dated yields following the Fed’s rate-hike move. The Dow Jones Industrial Average climbed 0.61% at close, while the S&P 500 and the Nasdaq Composite gained ...