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The central bank left interest rates unchanged
at the end of its June policy meeting on Wednesday, but pledged
to "act as appropriate" to sustain economic health.
The S&P 500 and the Dow Jones Industrial Average added to gains
and are just 0.6% away from their record high closes set in late
April, but the more-than-expected dovish Fed led to U.S.
treasury bond yields tumbling.
At 7:20 a.m. ET, Dow e-minis were up 210 points, or 0.79%. S&P
500 e-minis were up 24.25 points, or 0.83%, and Nasdaq 100
e-minis were up 94 points, or 1.22%.
Top Chinese and U.S. officials will resume trade talks in
accordance with the wishes of their leaders, but China hopes the
United States will create the necessary conditions for dialogue,
the Chinese commerce ministry said on Thursday.
Among stocks, Apple Inc rose 1.2% in premarket trading after
Evercore ISI raised its price target on the iPhone maker, saying
investors are underappreciating a large growth opportunity.
Boeing Co gained 1.4% after the planemaker said it is in talks
with other airlines for sales of its 737 MAX after receiving a
letter of intent for 200 of the grounded planes from British
Airways owner IAG.
Oracle Corp jumped 6.1% after the business software maker
forecast current-quarter profit above estimates as it benefited
from demand for its on-premise IT, cloud services and license
support businesses.
Cruise operator Carnival Corp slid 7.2% after cutting its profit
forecast for the year on the Trump administration's sudden ban
on cruises to Cuba and expected lower ticket prices in the
coming months.
Rivals Royal Caribbean Cruises Ltd and Norwegian Cruise Line
Holdings Ltd also fell.
(Reporting by Shreyashi Sanyal in Bengaluru; Editing by Sriraj
Kalluvila)
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