Major averages have experienced outsized intraday swings each day this week as investors continued to digest the Federal Reserve’s pivot to tighter policy.
Stock futures rose in overnight trading Thursday, boosted by a jump in Apple shares, as Wall Street looks to wrap up a roller-coaster week on a high note. Futures on the Dow Jones Industrial Average gained 200 points. S&P 500 futures climbed 0.8% and Nasdaq 100 futures jumped 1.3%. Shares of Apple popped nearly 5% in after-hours trading after the company reported its largest single quarter in terms of revenue ever. Its sales grew more than 11% even amid supply challenges and the lingering effects of the pandemic. Apple beat analyst estimates for sales in every product category except iPads. Major averages have experienced outsized intraday swings each day this week as investors continued to digest the Federal Reserve’s pivot to tighter policy.
