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Stock Futures Rise Ahead Of Federal Reserve Rate Decision

The Federal Reserve building is seen in Washington, DC

Stock futures in the US were on the rise as investors awaited the Federal Reserve rate decision, scheduled for release at 2 pm ET. Futures for the Dow and S&P were up approximately 0.2%, while Nasdaq futures saw a gain of 0.3%.

On Wednesday, markets experienced a significant surge following President Donald Trump's victory in the US presidential election. The Dow soared by 1,507 points, or 3.57%, reaching a new record high. This marked the first instance since November 2022 that the blue-chip index had seen a gain of over 1,000 points in a single day.

Dow surged by 1,507 points post-Trump's election win.
Stock futures for Dow and S&P up by 0.2%, Nasdaq by 0.3%.
S&P 500 and Nasdaq also achieved new highs.

Simultaneously, the S&P 500 and Nasdaq also achieved new highs on the morning of Trump's election win. The S&P surged by 2.5%, while the Nasdaq, known for its tech-heavy composition, closed 2.95% higher. The US dollar experienced its most robust performance in two years, with bitcoin surpassing $76,000 and Treasury yields also witnessing an increase.

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