U.S. Stock Index Futures were stable during overnight trading Wednesday, after the major averages closed at recordsFollowing commentary by the Federal Reserve. It was signaled by the Federal Reserve that it would slow down its bond buying program.

Futures contracts that are tied to the Dow Jones Industrial Average dropped 8 points. S&P 500 futures were flat and Nasdaq 100 futures rose 0.05%.

The Dow rose about 105 points during regular trading, marking its fifth consecutive positive session. It reached its 52nd intraday record and closed at the 42nd best close for 2021.

The S&P 500 also posted its fifth straight day of gains, advancing 0.65%. This index reached its 74th intraday peak and recorded the 61st year-end record close.

Nasdaq Composite gained 1.4% and now has its longest winning streak daily since June 2020. Its eight-day run of gains is the beginning. On Wednesday, the tech-heavy index set its 41st high record and closed at the same time.

According to George Ball, Chairman of Sanders Morris Harris, “The Fed’s tapering decision removes a minor but significant concern across markets as investors have been waiting for this moment since months. It reinforces the belief that the economic recovery is on a long runway even though it has a low growth rate.”

He stated, “The Fed’s tapering announcement by the Fed is a sign of economic strength. This is good news for markets and corporate earnings.”

It was stated by the central bank begin to curbThe Fed will slow down its monthly bond-buying program in the next month. This is the Fed’s first attempt to end the large-scale stimulus it provided after the pandemic.

According to the Fed, the buying of assets will decrease by $15 billion each month. This means that quantitative easing should be ended by 2022. However, the Fed reiterated its flexibility and said the amount could change as needed.

Lawrence Gillum of LPL Financial, fixed income strategist, stated that the Fed communicated its intentions very well before today’s meeting. This is why we don’t see a “taper-tantrum 2.0”.

A number of earnings reports will be available for the market on Thursday, before the bell rings. Toyota Motors Regeneron Pharmaceuticals, Kellogg and Kellogg will all post quarterly updates. Expedia, Airbnb and Square will all post quarterly updates after the bell.

“[W]Craig Erlam from Oanda said, “We’re just coming off of a strong quarter in earnings. That has taken precedence over any downside risk worries that might have weighed down during the reporting season.” To keep investors interested, the economy must continue to show signs of improvement as it adjusts to an environment without central bank rates being kept at very low levels.

According to Dow Jones estimates, Thursday will see weekly unemployment numbers released. Economists expect 275,000 new claims. According to Dow Jones estimates, last week’s figure was at a 281,000The lowest point since the start of the pandemic.

On Friday, October’s highly anticipated jobs report is due to be published. Dow Jones estimates that 450,000 additional jobs will be added according to consensus. The nonfarm payrolls rose by 194,000 in SeptemberThis is far below the estimate of 500,000.