Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, USA, September 16, 2026. Jeenah Moon | ReutersStock futures rose on Thursday, with traders attempting to recoup some of the losses suffered in the previous session prompted by the Federal Reserve’s first interest rate hike in three years. Futures linked to the Dow Jones Industrial Average rose 379 points, or 0.7%. S&P 500 futures rose 0.8% and Nasdaq-100 futures added 1.1%. Oil prices fell, giving stocks a boost. US crude oil was trading more than 1.5% lower, around $100 per barrel. Brent fell more than 2% to $103.48. The Dow Jones lost more than 630 points, or 1.2%, dragged down by financial services names. The broad-market S&P 500 was down 0.5%, while the tech-heavy Nasdaq Composite ended the session slightly lower. On Wednesday afternoon, the Federal Reserve raised the overnight federal funds rate by a quarter percentage point, bringing the target range to between 3.75% and 4%. Policymakers also signaled that another increase could come this year, and Federal Reserve Chairman Kevin Warsh said inflation remains too high. Mark Haefele, chief investment officer at UBS Global Wealth Management, said in a note Thursday morning that his team remained “positioned for further equity gains while preparing for near-term volatility.” “We recommend a diversified exposure to equities while avoiding excessive concentration in areas that are particularly sensitive to interest rates or that depend on a single profitability factor.” Investors are now turning to Thursday’s economic data for more clues about the health of the economy. Weekly jobless claims data will be released at 8:30 a.m. ET. Traders are also tracking home construction starts in August, which could offer insight into how high borrowing costs are affecting residential construction. In Asia, Japan’s Nikkei 225 closed up 0.33%, while South Korea’s Kospi finished flat. Mainland China’s CSI 300 closed down 0.45%. The Australian benchmark S&P/ASX 200 index rose 0.41%. European stocks rose in early trading on Thursday, with the Stoxx 600 gaining 0.5% and most sectors in positive territory. London’s FTSE 100 and Germany’s DAX index posted gains of 0.5%.
