U.S. stock index futures were higher during early morning trading on Thursday after the Federal Reserve kept benchmark interest rates unchanged, while indicating no immediate intention of removing stimulus policies.

The Dow Jones Industrial Average futures contract gained 105 points. S&P 500 futures and Nasdaq 100 futures both traded in positive territory.

Stocks finished higher Across the board, regular trading was uneventful following the commentary by the central bank. For its fifth positive session, the Dow rose by 3% or around 340 points. This was its best day since July 20, when it had fallen to 1%. However, the benchmark 30-stock index closed lower than its previous highest level of the day after moving more 500 points in one session.

The S&P advanced 0.95%, also snapping a four-day losing streak and registering its best day since July 23. The session ended with the Nasdaq composite finishing 1.02% lower, and the Russell 2000 gaining 1.48%.

A statement by the Fed after the meeting stated that “if there is no progress, then the Committee believes that moderation may be necessary in order to maintain the current pace of asset purchase.” No timeline was given, howeverThe Fed released a statement following the meeting.

In response to the Pandemic that decimated the economy, the central banking implemented a $120 Billion per month bond buying program. The Federal Open Market Committee sees the 2022 rate increase as economic conditions improve.

“The Fed struck a positive tone, acknowledging that the economy is strong enough to stand on its own two feet and the central bank can begin removing the monetary stimulus that they’ve been providing since the beginning of the Covid crisis,” said Chris Zaccarelli, chief investment officer for Independent Advisor Alliance.

Although there might be additional turmoil this fall, the Fed remains positive on the US economy and considers any dips worth buying. The fundamentals of the US economy are sound. A recession seems more than a decade away.

However, Wednesday’s action was insufficient to propel stocks into green for the week. The Nasdaq Composite is down 0.98% over the last three sessions, while the S&P and Dow have dipped 0.84% and 0.94%, respectively.

Some of this week’s weakness is thanks to concerns over heavily indebted Chinese property developer Evergrande. Some fears were eased by the company’s Wednesday announcement that its real-estate group would pay interest on time.

It is living up to September’s reputation of being a difficult month for stocks. The three main averages have all fallen at least 2.2%.

“We believe the S&P 500 has further room to run, but one of the biggest downside risks stems from valuations amid the prospect of higher yields/ERPs, less liquidity and slower growth,” UBS said in a recent note to clients.

On Thursday the Department of Labor will release initial jobless claims number, while several companies are on deck for quarterly updates including Darden Restaurants which reports before the market opens, while Nike and Costco Wholesale will provide quarterly updates once the market closes. Also, flash estimates of September Manufacturing PMI and Services PMI numbers will be available.