Stocks are likely to move to the upside in early trading on Thursday, extending the late-day rally seen in the previous session. The major index futures are currently pointing to a higher open for the markets, with the Dow futures up by 208 points.
The markets may continue to benefit from a positive reaction to the Federal Reserve’s highly anticipated monetary policy announcement on Wednesday.
While the Fed accelerated the pace of tapering its asset purchases and signaled as many as three interest rate hikes next year, traders seem relieved the central bank was not even more hawkish.
