Nasdaq·S&P 500 Futures 'Rebound' Despite US Interest Rate Hike...Nvidia·SpaceX in Focus

▲ US stock market, Wall Street/AI generated image

Major US stock index futures rebounded, overcoming the impact of the Federal Reserve's (Fed) benchmark interest rate hike. As the market digests the unanimous decision to raise interest rates, buying interest is flowing in, particularly in technology and aerospace-related stocks.

According to financial media outlet StockTwits on September 17 (local time), the Nasdaq and S&P 500 futures indices turned upward immediately after the Fed's 0.25 percentage point increase in the benchmark interest rate. The Fed raised the benchmark interest rate from 3.75% to 4.00%, marking the first rate hike since 2023. Despite concerns that the higher interest rate might persist for a longer period, index futures are rebounding, attempting a relief rally.

In individual stock trading, technology stocks and newly listed companies attracted market attention. Nvidia (NVDA) and Nebius Group (NBIS), the operator of NeoCloud which increased prices due to surging demand for artificial intelligence (AI) infrastructure, showed strong performance. Snap (SNAP), which unveiled new smart glasses, and SpaceX (SPCX), which is actively pursuing an initial public offering (IPO), also emerged as key stocks of interest.

Despite the index rebound, individual investors' sentiment remains cautious. Retail investor sentiment towards the SPDR S&P 500 ETF (SPY) and Invesco QQQ Trust (QQQ) still lingers in bearish territory. The atmosphere of vigilance has not completely dissipated, as concerns about a potential policy error, where the Fed's surprise rate hike could cause an economic shock, have been raised.

Market experts advise keeping a close eye on the possibility of further rate hikes by the Fed. As the tightening stance in response to inflationary pressures continues, whether the short-term rebound in index futures can stabilize in the spot stock market will be a key factor for the future market trend.

[Article Key Summary]

-Nasdaq and S&P 500 futures rebounded immediately after the Fed's surprise 0.25 percentage point increase in the benchmark interest rate from 3.75% to 4.00%.

-Technology stocks like Nvidia and Nebius, along with major individual stocks such as Snap and SpaceX, garnered market attention.

-Investor sentiment remains conservative, and future signals of further tightening by the Fed are expected to determine the direction of the stock market.

*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*