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U.S. stock futures rose on Thursday, with traders looking to recover after the Federal Reserve indicated the possibility of a rate hike this year — sparking a selloff in equities during the previous session.
Futures for the Dow Jones Industrials moved higher 122 points, or 0.2% Wednesday to 52,066.
Futures for the S&P 500 index gained 50.75 points, or 0.7%, to 7,543.25.
Futures for the NASDAQ Composite jumped 416.5 or 1.4%, to 30,415.25.
Intel led chip stocks higher, rising 9% after President Donald Trump said the company will partner with Apple on designing chips in the U.S. Fellow semiconductor names such as Nvidia was higher 1% and Micron Technology grew more than 4%.
Policymakers’ “dot plot” revealed that several Fed officials now see interest rates increasing in 2026.
The median estimate for the year-end interest rate now stands at 3.8%, up from 3.4% in prior projections from March, suggesting that at least one rate hike could be in the picture in 2026.
Complicating the forecast was Warsh’s decision to abstain from submitting a rate forecast.
In Japan, the Nikkei 225 advanced 1.7% Thursday, while in Hong Kong, the Hang Seng slid 1.6%.
Oil prices slid $1.50 to $75.29 U.S. a barrel.
Gold prices tumbled $119.00 to $4,262.40 U.S an ounce.
