Overnight trading on Thursday saw stock futures rise, thanks to a surge in Apple shares. Wall Street is looking to end a rollercoaster week with a positive note.

The Dow Jones Industrial Average futures gained 200 points. S&P 500 futures climbed 0.8% and Nasdaq 100 futures jumped 1.3%.

Shares of Apple popped nearly 5% in after-hours trading after the company reported its largest single quarter in terms of revenue ever.Despite supply issues and the continuing effects of pandemics, its sales rose by over 11%. Apple’s sales growth was faster than analyst expectations in each product category, except iPads.

Major averages have experienced outsized intraday swings each day this week as investors continued to digest the Federal Reserve’s pivot to tighter policy. Market’s fear gauge Cboe Volatility IndexThis week, the stock price jumped to its highest since October 2020 and traded above 30.

After its 9th negative session, the Dow fell 0.3% in its latest week. The Dow could now be heading for its 4th consecutive negative week. The S&P 500 is down 1.62% week to date, while the tech-heavy Nasdaq Composite has dropped 1.4%, on track for its straight fifth negative week.

The S&P 500 and the Nasdaq are both now in correction territory, sitting 10.2% and 17.6% below their respective record highs.

Fed indicated WednesdayIt could raise interest rates soon as part of its wider tightening historically easy monetary policies.

Chris Hussey (a Goldman Sachs managing director) stated in a note that “The FOMC meeting didn’t bring any surprises in the terms of monetary policy. However, it might be perceived as more optimistic than expected owing to Chair Powell’s suggestion of a need for a transition to a’steady’ phase of policy normalization.”

So far, the fourth quarter earnings season is solid. Of the 145 companies in the S&P 500 that have reported to date, 79.3% topped analyst expectations, according to Refinitiv.

Chevron reports numbers Friday morning.

“For the time being, I will not be fighting against the Fed. Brian Levitt (Invesco’s global strategist for markets), said that he is prepared for increased market volatility and modester market returns.