US stock futures saw gains in early trading after the Federal Reserve's initial interest-rate increase since 2023. This rebound was supported by a second consecutive day of falling oil prices and slightly lower Treasury yields. Contracts on the S&P 500 Index rose by 0.8%, while Nasdaq 100 futures climbed 1.1% by 6:57 a.m. in New York.
These gains followed a sell-off on Wednesday in the underlying gauges, which occurred after hawkish comments from Federal Reserve Chairman Kevin Warsh. The latest dot plot, which outlines Fed officials' projections for interest rates, indicated that 16 out of 18 officials had penciled in another rate hike for the current year.
Despite the previous day's slump, the market showed signs of recovery, with positive movements in futures contracts suggesting investor optimism following the Fed's actions.
