SPY is trading at $763.69, up 1.3% from the September 16 close of $754.05 after the Federal Reserve raised rates 25 basis points to 3.75%-4.00%, removing immediate policy uncertainty.
- Treasury prices rallied and crude oil fell, easing inflation concerns and supporting risk appetite.
- S&P 500 futures rose about 0.8%; housing data and the Fed’s guidance on possible further hikes remain key risks.