Stock futures little changed after rally on Fed decision

Stock futures were little changed Thursday, a day after the Federal Reserve said the economy was strong enough for it to begin paring its massive stimulus, sending the S&P 500 and Dow industrials to fresh closing highs. * The Fed’s decision Wednesday to trim its monthly asset purchases by $10 billion to $75 billion was accompanied by a dovish indication of rock-bottom interest rates for the foreseeable future, a combination that enticed buyers and helped the S&P 500 and Dow post their largest gains in two months. * The Labor Department releases first-time claims for jobless benefits for the week ended December 14 at 8:30 a.m. EST (1330 GMT). * At 10:00 a.m. (1500 GMT), the National Association of Realtors releases existing home sales for November, the Conference Board reports November leading indicators and the Philadelphia Fed releases its December business activity survey.


Leave a Reply

Your email address will not be published.