Stocks in line for a slightly firmer open amid choppy action and as Apple earnings are set to complete the giant-tech results season.
U.S. stock futures were inching higher Thursday as traders contemplated the latest Fed decision, more banking sector stress, and Apple’s impending results.
How are stock-index futures trading On Wednesday, the Dow Jones Industrial Average DJIA fell 270 points, or 0.8%, to 33414, the S&P 500 SPX declined 29 points, or 0.7%, to 4091, and the Nasdaq Composite COMP dropped 55 points, or 0.46%, to 12025. The S&P 500 slid 0.7% on Wednesday after the Fed again raised interest rates and irked some traders by seeming equivocal on whether the implied pause in monetary tightening meant the cycle of rate hikes were at an end and cuts could come soon.
Traders will also be keeping an eye out for any surprises when the European Central Bank delivers its policy decision at 2:15 p.m. Central European time .
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