Sat. Sep 24th, 2022

© Reuters.

By Oliver Gray – U.S. stock futures traded higher during Wednesday’s evening deals after major benchmark indices snapped 5-day losing streaks as risk sentiment returned following the Federal Reserve’s largest interest rate hike since 1994.

By 6:35pm ET (10:35pm GMT) and were up 0.4% while added 0.6%.

Economic data out Thursday includes weekly numbers, with a print of 220K expected, while data will also be released. Meantime, Adobe Systems Incorporated (NASDAQ:) and Kroger Company (NYSE:) are set to report quarterly results.

During Wednesday’s regular trade, the snapped a five-day losing streak, lifting 303.70 points or 1%, to close at 30,668.53. The added 1.46% to 3,789.99 and the gained 2.5% to 11,099.15.

On the data front, unexpectedly fell 0.3% May, posting the first decline this year amid high inflation, gasoline prices and borrowing costs.

On the bond markets, rates were at 3.291%.

By Rahul

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