Us stock futures are pointing up this morning after yesterday’s rebound on wall street. It’s been giving investors and market reporters whiplash, and today’s rally shows the volatility is still here. Us stock futures rose ahead of a consequential decision by the federal reserve.
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The s&p rose 0.9%, while the dow gained a more moderate 0.5%, or about 160.
Investors expect the fed to raise rate by three quarters of a percentage point in its effort to tame.
With today’s historic rate hike, the fed hopes to make borrowing more expensive. That should decrease economic activity, make businesses rethink spending money and make consumer. After hours stock quotes coverage from cnn. Get the latest news on the most important investing stories of the day as they happen.
The dow closed 0.4% higher on monday, while the s&p 500 rose 0.7% and the nasdaq surged 1.3%.
