Dow Jones futures rose slightly late Wednesday, along with S&P 500 futures and Nasdaq futures. The stock market rally had a big day, closing at session highs amid big news from China, the Russia-Ukraine war and a hawkish Federal Reserve.
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J.B. Hunt Transport Services (JBHT), Costco Wholesale (COST) and Harmony Biosciences (HRMY) broke out Wednesday, at least intraday, while Rambus (RMBS) flirted with a buy point.
Nvidia stock, while well off highs, made a strong move toward a very aggressive entry.
Fed Rate Hike
The Fed raised interest rates by a quarter point on Wednesday as the central bank seeks to rein in soaring inflation while navigating a slew of economic uncertainties. Policymakers also signaled they will hike rates six more times in 2022, while also planning to reduce the Fed’s massive balance sheet soon.
The Fed policy announcement noted Russia’s Ukraine invasion…
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