U.S. Stock futures rose modestly on Wednesday as investors digested new projections by the Federal Reserve.

Futures linked to the Dow Jones Industrial Average gained 55 points or 0.2%, just below 0.2%. Those for the S&P 500 rose 0.2%, while Nasdaq 100 futures ticked up 0.2%.

After the Federal Reserve, futures moves occur hiked its benchmark interest rate for the first time since 2018He signaled six more increases this year, triggering a rally in stock prices.

Significantly, the Fed increased its projections. rate hikes and inflation in 2022Investors seem to believe that the central bank took the price rise seriously and made aggressive moves.

Stephanie Link is Hightower Advisors’ chief investment strategist. She also serves as portfolio manager. They’re at least telling the market that they are trying to fix it.

Jeffrey Gundlach is the CEO of Doubleline.Closing Bell: OvertimeHe stated that markets would rally from now until the Fed’s May meeting after having sold off so sharply in the beginning of the year. Recent high levels of the Cboe Volatility IndexWall Street is often known as Wall Street’s fear gauge. It indicates that Wall Street has sold enough.

“I don’t really care about the tape, or how dire the geopolitics appear, a VIX above 35 will make me more bullish. Not more bearish.” Gundlach explained that this is what Gundlach meant.

Stocks saw positive movements in trading after-hours thanks to quarterly earnings reports. Shares of homebuilder Lennar gained 2% after the company reported stronger-than-expected revenue. Williams-Sonoma’s stock rose 6% upon the announcement of a dividend rise and beat earnings per share estimates.

On Wednesday, the Dow rose 518.76 pointsFor its first three-day streak of wins in over a month, it won 1.55% (or 2.24%). The S&P 500 gained 2.24%, while the Nasdaq Composite jumped 3.77%.

Technology stocks which had been in decline since the end of last year were able to outperform on Wednesday. Netflix gained 4% while shares of Facebook’s parent Meta Platforms rose by 6%.

The war in Ukraine was also closely watched by investors. Stocks rose on Wednesday after news of progress in ceasefire negotiations. U.S. President Joe Biden approved additional weapons to be sent to Ukraine.

Investors will be able to access several economic data pieces on Thursday, including the latest jobless claims figures from last week. Before the bell, data on housing starts and Philadelphia Fed manufacturing data as well as industrial production will be available.