S&P 500 Futures Edge Higher Before Fed Decision — SkimNews
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- S&P 500 futures edged higher ahead of the Fed’s rate decision, while the broader stock market was mostly higher in the same pre-decision session.
- Nasdaq futures gained after SK Hynix’s profit boom; the company’s shares also jumped premarket, with a strategist describing SK Hynix as sitting at AI’s “toll booth.”
Why it matters: For Fed watchers and Nasdaq traders, the decision is the session-wide macro reference point, while SK Hynix’s profit boom is a concrete company-specific catalyst. Broad futures were higher, and Nasdaq futures rose explicitly after the SK Hynix profit news, which also accompanied a premarket jump in its shares.
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