December 17, 2015- Stocks Trade Higher After Feds Raise Rates

Trading in the U.S. index futures suggests that Wall Street stocks may open Thursday's session higher, signaling that stocks may extend their 3-session rally. That said, bargain hunting could take some sheen off the rally. With the Fed decision now past us, the focus is likely to be on the implication the decision has for the domestic as well as the global economy. Traders may also ponder over the Fed's monetary policy stance going forward. Asian stocks lapped up the Fed decision and responded with a strong rally. The European markets are also notably higher. Meanwhile, commodities are bleeding, as the dollar remains firm. Data on jobless claims and regional manufacturing activity could also produce some ripples in the domestic markets. The Dow futures are adding 58 points, the S&P 500 futures are up 6.50 points and the Nasdaq 100 futures are gaining 20.00 points.