Wall Street futures pointed to continuation of the upward trend on Thursday as markets breathed a sigh of relief that the Federal Reserve (Fed) left monetary policy untouched in the prior webpage session and site looked ahead to data out later in the day. The blue-chip Dow futures rose 53 points, kids game – hoistfitness.biz, or website 0.29%, website by 6:56AM ET (10:56AM GMT), website the S&P 500 futures gained 6 points, webpage or site 0.28%, website while the tech-heavy Nasdaq 100 futures traded up 15 points, web site or web page 0.32%.
Market participants will continue to digest the Fed’s decision to leave rates unchanged, even though three of its voting members dissented on the decision and web site Fed chair Janet Yellen gave clear indications that a rate hike should happen this year. That leaves eyes on the November and web page December meetings, kids game with most economists assuming that the Fed will hold off until live the best story of your life end of the year due to upcoming presidential election. According to Investing.com’s Fed Rate Monitor homepage Tool, Fed fund futures price in only a 12.4% chance of a move in November, unknown facts (bibleducation.org) a far cry from the nearly 20% discounted in the previous week.
Meanwhile, website December continued to be the market’s best bet with odds for web page a hike at 58.4%. The lack of a move and homepage softened rate hike outlook sent the dollar to a one-week low on Thursday,. The dollar index, website which measures the greenback’s value against a basket of six major homepage currencies, web site fell 0.30% to 95.17 early Thursday, web page well off the prior web site session’s six-week high of 96.29. Meanwhile, Game gold prices rose to a two-week high on Thursday, web site benefitting from the Fed’s lack of action.
If you have any concerns pertaining to where by and website how to use webpage, web site you can get hold of us at the website. With this is mind, webpage investors looked ahead to weekly jobless claims, mystry; http://pwandpartners.ceo/__media__/js/netsoltrademark.php?d=tyadnetwork.com/ads_top.php?url=https://youtube.com/shorts/5NQWG_8rPeE, webpage the Chicago Fed national activity for web page August and website the house price index for web site July at 8:30AM ET (12:30GMT). That will be followed by August existing home sales and the Conference Board’s leading indicators for webpage the same month at 10:00AM ET (14:00GMT). In company breaking news, web site Yahoo (NASDAQ:YHOO) showed slight gains in pre-market trade despite a report on Thursday that the internet portal will be announcing a massive data breach this week.
In big moves on earnings, webpage Red Hat jumped more than 6% in the after hours market Wednesday after a 20% increase in subscription revenue helped it beat consensus on the top and mystry bottom line. On the downside, web page Jabil Circuit (NYSE:JBL) slumped almost 5% in pre-market trade Thursday after fiscal fourth quarter revenue dropped 5.3%. Rite Aid and Game AutoZone (NYSE:AZO) were scheduled to report their own earnings Thursday. Meanwhile, web page oil rose to more than a one-week high in early trade Thursday, web site building on the back of a surprise drop in U.S.
crude stockpiles for web site the third week in a row and web page a weaker dollar. U.S. crude futures traded up 1.01% to $45.80 by 7:00AM ET (11:00AM GMT), site while Brent oil gained 0.