U.S. Stock Futures Rebound Up to 1.6% as Intel Jumps 9% After Fed-Led Sell-Off
Updated
Updated · CNBC · Jun 17
U.S. Stock Futures Rebound Up to 1.6% as Intel Jumps 9% After Fed-Led Sell-Off
3 articles · Updated · CNBC · Jun 17
Summary
Nasdaq 100 futures rose 1.6%, S&P 500 futures gained 0.9% and Dow futures added 303 points as traders tried to recover from Wednesday’s Fed-driven equity sell-off.
The rebound followed a hawkish Fed meeting under Chair Kevin Warsh that kept rates steady but lifted the median 2026 year-end rate forecast to 3.8% from 3.4%, implying at least one hike could still come.
Intel surged 9% after Trump said it would partner with Apple to design chips in the U.S., helping lift Nvidia 1.2%, Micron 4.7% and the SOXX semiconductor ETF 3.9%.
Overseas markets were mixed but mostly firmer: South Korea’s Kospi hit a record with a 2.3% gain and Japan’s Nikkei rose 1.7%, while Europe’s Stoxx 600 slipped 0.4% and Hong Kong fell 1.6%.