US equities set for fourth consecutive day of gains

<p>The post-FOMC rally is set to continue in the US stock market today. S&amp;P 500 futures are up 0.8% and Nasdaq futures up 1.25%.</p><p>The bond market is driving the price action with US 10-year yields down 14.7 bps to 4.64% — a long way from the 5% touched last week. The moves come after Fed chair Powell made no effort to boost the 25% implied pricing for a December rate hike at yesterday's FOMC.</p><p>If the gains last, it will be the fourth day of buying in the S&amp;P 500.</p>

This article was written by Adam Button at www.forexlive.com.