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US Stocks Futures Rally After Fed Rate Hike

Bloomberg Markets •
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US stock futures gained in early trading following the Federal Reserve’s first interest-rate increase since 2023 as oil prices fell for a second day in a row and Treasury yields edged lower. Contracts on the S&P 500 Index were up 0.8% and Nasdaq 100 futures climbed 1.1% as of 6:57 a.m. in New York. The gains come after the underlying gauges sold off on Wednesday in the wake of hawkish commentary from Federal Reserve Chairman Kevin Warsh and the latest dot plot, which showed 16 of 18 Fed officials had penciled in another rate hike this year.