U.S. stock futures rebound from post-Fed losses as semiconductor strength offsets broader market jitters, while oil prices retreat on improved Middle East supply outlooks.
U.S. stock futures pointed to a higher open, recovering from falls after the Fed's rate decision.
The Philly Semiconductor Index advanced, helping to limit the impact of the Fed decision.
Oil prices were lower as headlines suggested an improved outlook for oil flows out of the Middle East.
Bitcoin rose slightly as U.S. stock futures pointed to a higher open, recovering from losses after the Fed's rate hike.
U.S. stock futures are trending higher, signaling a recovery following the Federal Reserve's decision to lift interest rates by 25 basis points. While the unanimous vote and projections for further hikes initially pressured sentiment, gains in the semiconductor sector provided a crucial buffer for broader indices.
The market initially saw a dip following the 25 basis point hike and the unanimous vote, but futures have since recovered as investors digest the news.