Market Snapshot: U.S. stocks set to extend Fed-fueled rally

U.S. equity benchmarks on Thursday looked on track to add to its Federal Reserve-fueled rally, with investors expressing enthusiasm over the central bank’s less-hawkish-than-expected posture.

Futures for the Dow Jones Industrial Average YMM7, +0.22% climbed 55 points, or 0.3%, to 20,520, while those for the S&P 500 index ESM7, +0.11% gained 3.40 points, or 0.2%, to 2,384.25. Futures for the Nasdaq-100 index NQM7, +0.15% added 9.75 points, or 0.2%, to 5,428.25.

The upbeat Thursday mood comes after a positive close for all three benchmarks on Wednesday, when the Fed raised interest rates, but indicated it will only tighten two more times this year.

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