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Dow Futures Move Higher as Fed Delivers 0.75% Hike

Published 06/15/2022, 06:52 PM
Updated 06/15/2022, 06:52 PM
© Reuters.

By Oliver Gray 

Investing.com - 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 S&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 215K expected, while housing starts data will also be released. Meantime, Adobe Inc (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 11,099.16.

On the data front, retail sales unexpectedly fell 0.3% in 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%.

Latest comments

Waiting for Black Friday
Ether way you shake it call / Put The cashier for your transaction have over a month to fill it if ever.If you are retail, your order will never see the light of day.Just simmer in their Dark Pools as free money. They can push your orders indefinitely in many different ways..The money changers for the market and banks will always find ways to steal from the general public. They donate some of their business welfare Tax loop hole money back to our government politicians.Recommend people for the S.E.Cand top government positions helps too.My opinion is this, keep your hands inside the ride at all times.Plus the other things I wrote are opinions as well.
The FED is behind the non-transitory demand decimation? ... Up, only makes $EN$E!?!
Of course it went higher. The big guys have to force all the week shorts out before the down trend continues.
All bad news and a market rally. I swear they could drop a nuclear bomb and they'd say. We'll at least that one less nuclear weapon in the world. Up 3000 for the day!
moved higher because of the terrible data... nice
I wonder how long will the act continue for because this is tiresome
yup
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