The market wasn’t quite sure what to do with the FOMC decision yesterday. On the chart you can see the volatility following the announcement and Powell’s comments.
In the overnight session, the mood began to improve and that continued until European trading. In the past couple hours there has been s a modest drift lower but S&P 500 eminis remain up 40 points, or 0.6%.
Tech is leading the way with Nasdaq futures up 1% led by Intel, which is up 28% after the announcement that Nvidia will invest $5 billion in it to develop data center and PC products. Shares of Nvidia are also up 3%.
This article was written by Adam Button at investinglive.com.