Dow futures lift as Fed considers smaller hikes
2022.11.23 19:06
© Reuters.
By Oliver Gray
Investing.com – U.S. stock futures were trading higher during Wednesday’s evening deals, following a positive close among benchmark indices as investors turned optimistic after from the latest Federal Reserve meeting revealed that policymakers expected a slowing in the pace of rate hikes to soon be appropriate.
By 6:45pm ET (11:45pm GMT) were up 0.1% while and added 0.2% apiece.
In extended deals, Tesla Inc (NASDAQ:) lifted 0.1% after finishing regular trade 7.8% higher following an upgrade by analysts at Citi. Meanwhile, Intel Corporation (NASDAQ:) gained 0.4% while HP Inc (NYSE:) lifted 0.1%.
Markets in the U.S. will remain closed on Thursday for the Thanksgiving public holiday.
On the data front, fell at a greater pace than expected, down 3.3% month on month versus an addition of 1.4% in the previous period. came in above expectations at 0.5% from -0.9% in the previous month. Meantime, Preliminary and PMI prints came in below expectations while Michigan consumer and surprised to the upside.
During Wednesday’s regular session, the added 96 points or 0.3% to 34,194.1, the added 23.7 points or 0.6% to 4,027.3 and the lifted 110.9 poitns or 1% top 11,285.3.
On the bond markets, rates were trading near 7-week lows of 3.689% while the fell to near 14-week lows of 106.1.
