U.S. equity futures rose, with Nasdaq 100 futures up nearly 1%, and the 10-year U.S. Treasury yield falling below 5%.
Investors shook off post-Federal Reserve rate hike jitters, with U.S. stock futures rising. Nasdaq 100 futures gained nearly 1%, and the 10-year U.S. Treasury yield fell back below 5%. Brent crude oil prices dropped below $105/barrel, as market expectations that the impact of the damaged Saudi pipeline on Middle Eastern oil exports might be less severe than initially feared also boosted market sentiment. Yesterday, stocks and bonds had fallen after the Federal Reserve raised interest rates by 25 basis points and signaled at least one more hike this year.
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