Dow Jones Industrial Average futures rose 85 points, or 0.27%. S&P 500 and Nasdaq 100 futures rose 0.33% and 0.53%, respectively. Shares of DocuSign rose more than 17% in extended trading after the electronic agreements company’s earnings fell. The company also issued a third-quarter revenue forecast that came in above expectations. The Dow Jones Industrial Average jumped 193 points, or 0.61%, during Thursday’s regular session — closing higher after trading between gains and losses during the day. The S&P 500 rose 0.66% and the Nasdaq Composite rose 0.60%. These gains set all three major moving averages to snap a 3-week losing streak. Through Thursday, the Dow is up 1.45%. Meanwhile, the S&P 500 is up 2.09% and the Nasdaq Composite is 1.99% higher. But stocks remain under pressure as expectations for a 0.75 percentage point rate hike this month rose on Wall Street after the Fed chairman reiterated that he is “strongly committed” to reducing inflation. “I think people are grossly underestimating what the Fed will have to do to fight inflation,” Richard Bernstein Advisors CEO Richard Bernstein said Thursday on CNBC’s “Closing Bell: Overtime.” “It’s incredibly ironic that investors are even considering a Fed pivot when the real Fed Funds rate remains about as negative as it’s been historically. So the Fed isn’t doing much inflation-fighting yet. We don’t have positive real It’s hard to argue that we should be wildly bullish anytime soon,” he added.
