U.S. Futures Hold Flat After 0.25-Point Fed Hike as AI Rally Lifts Nasdaq 1.7%
Updated
Updated · CNBC · Sep 18
U.S. Futures Hold Flat After 0.25-Point Fed Hike as AI Rally Lifts Nasdaq 1.7%
3 articles · Updated · CNBC · Sep 18
Summary
Dow futures edged up 41 points early Friday while S&P 500 and Nasdaq-100 futures were flat after Thursday’s rebound from the Fed-driven sell-off.
Thursday’s rally lifted the Dow 316 points, the S&P 500 1.1% and the Nasdaq 1.7%, with technology shares leading as investors looked past higher-for-longer rates toward AI-driven profit growth.
The rebound followed Wednesday’s quarter-point rate hike—the Fed’s first in three years—and guidance pointing to at least one more increase this year.
Fed Governor Michelle Bowman and Kansas City Fed President Jeffrey Schmid are due to speak Friday as investors seek more clarity on the unanimous hike.
For the week, the Dow was still down 1.5% and the S&P 500 off 0.3% through Thursday, while the Nasdaq was up 0.3%.