Actionable news
All posts from Actionable news
Actionable news in YHOO: Yahoo! Inc.,

Stock Futures Give Back Some Gains After Major Rally

Stock futures gave back some of their gains on Thursday after a massive rally a day earlier inspired by a dovish Federal Reserve and a surge in crude oil prices.

S&P 500 futures were down 0.47%, Dow Jones Industrial Average futures fell 0.41%, and Nasdaq futures slid 0.42%.

Minutes from latest Fed meeting on March 16, showed members debated an April hike but erred on the side of caution as they left interest rates unchanged and lowered the outlook for increases this year to two from four.

Fed funds futures still indicate that only one hike this year -- in September -- has odds greater than 50%, according to CME Group. An April rate hike is currently priced in at a 3% chance, while a June hike has an 18% probability. An April rate hike had a 5% chance at the...