Stock market today: Dow, S&P 500, Nasdaq futures rise after Powell reassures Wall Street

Wed, Mar 19, 2025, 4:00 PM 1 min read

US banal futures roseate arsenic investors digested reassuring signals from Federal Reserve Chair Jerome Powell aft the cardinal slope held involvement rates dependable connected Wednesday.

Futures attached to the Dow Jones Industrial Average (YM=F) ticked up 0.2%. Futures attached to the benchmark S&P 500 (ES=F) and tech-heavy Nasdaq Composite (NQ=F) roseate 0.3%.

The Fed's determination to support involvement rates unchanged connected Wednesday was expected connected Wall Street, but markets rallied, driven by a consciousness of alleviation that anterior forecasts for 2 complaint cuts this twelvemonth held up. Doubts had been rising astir the way to complaint cuts amid concerns the US system mightiness buckle nether President Donald Trump's wide tariffs.

Read more: The latest connected Trump's tariffs

In a property league pursuing the decision, Powell contributed to the bully mood. Although the cardinal slope indicated it expects higher ostentation and slower economical growth, the Fed seat reassured investors that ostentation impacts from tariffs volition apt beryllium "transitory" and recession risks stay low. "The system seems to beryllium healthy," Powell said.

On Thursday, investors volition get a caller consciousness of the labour and lodging markets with the merchandise of information connected jobless claims and existing lodging sales.