Futures climb as Fed allays rate-hike worries

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Futures climb as Fed allays rate-hike worries
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Islanders flock to Charlottetown Flea Market for affordable finds amid rising costs | SaltWire - U.S. stock index futures advanced on Thursday, a day after the Federal Reserve left interest rates unchanged and allayed fears around potential rate hikes, with focus moving to a spate of earnings updates through the day.

"The Fed's official statement did acknowledge a 'lack of further progress' in inflation reduction in recent months," Preston Caldwell, chief U.S. economist at Morningstar, said. Earnings reports from Moderna, Peloton and Cardinal Health, among others, are scheduled before the opening bell. At 05:43 a.m. ET, Dow E-minis were up 131 points, or 0.34%, S&P 500 E-minis were up 29.25 points, or 0.58%, and Nasdaq 100 E-minis were up 141.75 points, or 0.81%.

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