Stock futures are little changed after Thursday's post-Fed bounce: Live updates
The major averages rose in Thursday's regular trading session following Wednesday's first Federal Reserve interest rate hike in three years.
TL;DR
- U.S. stock futures were little changed after major averages rose following the Federal Reserve's first interest rate hike in three years.
- Asian markets showed mixed performance, with Japan's Nikkei 225 gaining 1.90% and South Korea's Kospi advancing 2.67%.
- Oil prices fell as hopes of increased Saudi supply outweighed concerns over renewed Houthi strikes.
- The Bank of Japan raised its policy rate to 1.25%, its highest level since 1995, to combat inflation risks.
- Investors are anticipating further commentary from Fed officials for clarity on the recent rate hike decision.
- The Nasdaq Composite was on track for a winning week, while the Dow Jones Industrial Average and S&P 500 were set for losses.