U.S. Stock Futures Flat After Post-Fed Rally
U.S. stock futures were little changed Thursday night following a rebound in major averages after the Federal Reserve's rate hike on Wednesday. The Dow Jones Industrial Average, S&P 500, and Nasdaq Composite all posted gains during regular trading hours, with technology stocks leading the recovery. Investors appear to be moving past concerns over higher-for-longer interest rates by returning focus to artificial intelligence-driven growth in corporate profits. The Fed raised rates by a quarter percentage point for the first time in three years, initially causing market declines before Thursday's rebound. Market strategists suggest that the current cycle may continue until there is a shift or slowdown in AI-related investments. The week concludes with more commentary from Fed officials expected to provide clarity on Wednesday’s decision. The major stock averages are set for mixed weekly results as of Thursday, with only the Nasdaq Composite showing gains.
Topics: AI investment Federal Reserve interest rates stock market reaction