US stocks rally on Fed credibility, while oil prices slip as supply disruptions ease and wireless bill hikes fuel core inflation concerns.
Dow futures rose 0.7% as Fed rate hike eased inflation worries.
S&P 500 futures gained 0.8% on restored Fed credibility.
Nasdaq-100 futures rose 1.1%, rebounding from prior slump.
Brent crude fell to $99 per barrel on easing Middle East supply disruptions.
WTI crude fell toward $102 after biggest drop in six weeks.
European equities ticked up after Bank of England rate decision.
T-Mobile's plan changes could raise per-line revenue but may also increase churn risk.
AT&T's rate hikes on older plans could boost revenue but risk customer backlash.
Snap's launch of premium smart glasses could open new revenue stream, but scale and demand uncertain.
US equity futures climbed Thursday as investors welcomed the Federal Reserve's 25 basis-point rate hike, viewing the move as a necessary step to curb inflation. While President Trump criticized the central bank's independence, markets responded positively to the hawkish stance, even as oil prices retreated on easing supply concerns in the Middle East.
Investors viewed the 25 basis-point increase as a sign of the Fed's independence and commitment to controlling inflation, which helped restore credibility despite political pressure.
A sharp 5.9% jump in wireless bills from July to August contributed significantly to core inflation, likely influencing the Fed's decision to raise interest rates.