Dow Jones Futures: S&P 500, Nasdaq Rebound Above Key Level; Moderna, AMD, SpaceX Flash Buy Signals - Investor's Business Daily — SkimNews
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- S&P 500 and Nasdaq rebounded above a key level and posted their biggest gains in six weeks, with WSJ reporting the rally after the Fed's first rate hike in three years
- Moderna, AMD, and SpaceX flashed buy signals as Dow Jones futures sought direction following the Fed's rate decision, with at least one outlet flagging the potential for a mixed open
Why it matters: The Fed's first rate hike in three years was followed by the S&P 500 and Nasdaq's strongest rally in six weeks, a counterintuitive response that allowed beaten-down names like Moderna, AMD, and SpaceX to trigger buy signals — suggesting traders read the hike as the cap on near-term tightening rather than the start of a fresh tightening cycle.
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