Stock futures in the US were on the rise as investors awaited the Federal Reserve rate decision, scheduled for release at 2 pm ET. Futures for the Dow and S&P were up approximately 0.2%, while Nasdaq futures saw a gain of 0.3%.
On Wednesday, markets experienced a significant surge following President Donald Trump's victory in the US presidential election. The Dow soared by 1,507 points, or 3.57%, reaching a new record high. This marked the first instance since November 2022 that the blue-chip index had seen a gain of over 1,000 points in a single day.
Simultaneously, the S&P 500 and Nasdaq also achieved new highs on the morning of Trump's election win. The S&P surged by 2.5%, while the Nasdaq, known for its tech-heavy composition, closed 2.95% higher. The US dollar experienced its most robust performance in two years, with bitcoin surpassing $76,000 and Treasury yields also witnessing an increase.
