Fed, oil futures
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Stocks were on track to open higher on Thursday as oil prices retreated and investors got over the worst of their worries about the Federal Reserve’s fight against inflation. S&P 500 futures advanced 1.
U.S. natural gas futures ended a choppy session little changed with some support from a below-average weekly storage build that trimmed the inventory surplus.
The S&P 500 and Nasdaq regain key level and yields fall in a bullish day-two Fed reaction. SpaceX, AMD, Moderna are buys.
Dow futures rose about 367 points, or 0.7%, while S&P 500 futures gained roughly 0.8% and Nasdaq 100 futures climbed close to 1%. The rebound followed Wednesday’s weaker close, when stocks initially struggled with the Fed’s hawkish message.
Crude futures fell as the supply fears fueled by the outage of Saudi Arabia’s East-West pipeline eased, and oil continued to make it through the Strait of Hormuz via ship-to-ship loadings and dark transits.
Crypto.com's SEC-acknowledged Form 1-N registration paves the way for single-stock futures and perpetual contracts on a US-regulated crypto
US stock futures rise Thursday as the Dow, S&P 500 and Nasdaq bounce back after the Fed raised interest rates for the first time in three years.
Bitcoin coin-margined futures fell from 70% of open interest to 12%, eliminating a key feedback loop that amplified liquidation cascades during