Stock futures edge lower after rally, as traders digest Fed decision

Stock futures edge lower after rally, as traders digest Fed decision

U.S. stock futures opened slightly lower Wednesday evening after a rally on Wall Street, when many investors breathed a sigh of relief that the Federal Reserve was unlikely to raise interest rates even more aggressively in the coming months.

Contracts on the S&P 500 dipped. Earlier, the blue-chip index posted it best single-session gain since May 2020, rising 2.99%. The Nasdaq Composite surged by 3.2%, and the Dow added more than 900 points, or 2.8%.

The jump came in the wake of the Federal…


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