Stock Groups

Nasdaq futures jump 2% after Microsoft’s strong forecast; Fed decision looms -Breaking

by Mike Robinson

[ad_1]

© Reuters. Traders are seen working on the New York Stock Exchange’s floor in New York City (USA), January 25, 2022. REUTERS/Brendan McDermid

Susan Mathew

(Reuters) – U.S. stock markets rose Wednesday with a rise in Microsoft and investors eagerly awaiting the Federal Reserve’s monetary policies decision late in the day.

This move follows two days filled with wild swings. They were triggered by uncertainty over the Fed’s next move, and growing concerns about geopolitical tensions surrounding Russia and Ukraine.

After its two-day meeting ended, the U.S. central banking will signal the commencement of an interest rate rise cycle starting in March to counter rising inflation.

2.30 p.m. is the time for the Fed’s decision. ET, 1900 GMT. The Fed chair Jerome Powell’s press conference will follow. These news conferences are meant to provide insight into the size and pace of future hikes.

Microsoft Corp The stock index (NASDAQ) rose 3.2% during premarket trades as the tech giant predicted revenue for the current quarter well ahead of Wall Street targets.

Futures linked to rose 2% were 1.1% higher, and grew 0.8%.

Disclaimer: Fusion MediaThis website does not provide accurate and current data. CFDs are stocks, indexes or futures. The prices of Forex and CFDs are not supplied by exchanges. They are instead provided by market makers. As such, the prices might not reflect market values and could be incorrect. Fusion Media is not responsible for trading losses that may be incurred as a consequence of the use of this data.

Fusion MediaFusion Media and anyone associated with it will not assume any responsibility for losses or damages arising from the use of this information. This includes data including charts and buy/sell signal signals. You should be aware of all the potential risks and expenses associated with trading in the financial market. It is among the most dangerous investment types.

[ad_2]