Dow Futures Move Higher as Fed Delivers 0.75% Hike By

© Reuters.

By Oliver Gray 

- U.S. stock futures traded higher during Wednesday’s evening deals after major benchmark indices snapped 5-day losing streaks as risk sentiment returned following the Federal Reserve’s largest interest rate hike since 1994.

By 6:35pm ET (10:35pm GMT) Dow Jones Futures and MT4 trading platform software downloadS&P 500 Futures were up 0.4% while Nasdaq 100 Futures added 0.6%.

Economic data out Thursday includes weekly jobless claims numbers, with a print of 220K expected, while housing starts data will also be released. Meantime, Adobe Systems Incorporated (NASDAQ:ADBE) and Kroger Company (NYSE:KR) are set to report quarterly results.

During Wednesday’s regular trade, the Dow Jones Industrial Average snapped a five-day losing streak, lifting 303.70 points or 1%, to close at 30,668.53. The S&P 500 added 1.46% to 3,789.99 and the NASDAQ Composite gained 2.5% to 11,099.15.

On the data front, retail sales unexpectedly fell 0.3% May, posting the first decline this year amid high inflation, gasoline prices and borrowing costs.

On the bond markets, United States 10-Year rates were at 3.291%.

Statement: The content of this article does not represent the views of FTI website. The content is for reference only and does not constitute investment suggestions. Investment is risky, so you should be careful in your choice! If it involves content, copyright and other issues, please contact us and we will make adjustments at the first time!