• Indexes climbed on Thursday after the massive post-election rally within the previous session.

• Traders will shift their attention to the Fed, which is predicted to announce a 25-basis-point rate cut.

• Jobless claims saw a modest rise to 221,000, in step with expectations.

Indexes edged up on Thursday, heading for an additional day of gains after Donald Trump’s election victory fueled a large rally across the stock market on Wednesday.

The Dow Jones Industrial Average was just barely higher after surging over 1,500 points, up 3.6% in its biggest single-day percentage gain in two years.

Bank stocks and tech shares rallied within the session, fueled by hopes for a lighter regulatory touch and company tax cuts under Trump. Bitcoin also gained, given Trump’s pro-crypto stance.

On Thursday, investors will turn their attention toward the Federal Reserve, which is predicted to chop rates of interest by 25 basis points. That may proceed the central bank’s easing cycle, which kicked off with a jumbo 50 basis point cut in September.

After this month’s meeting, fed fund futures show the outlook for monetary policy becomes less clear, with expectations for further cuts declining within the last week.

Markets are adjusting to the truth of a second Trump presidency, which economists have said would likely drive inflation if he enacts campaign proposals like broad tariffs and mass deportations.

The newest data on Thursday showed weekly jobless claims increased barely to 221,000, a gain of three,000 from the week prior and in step with expectations.

Here’s where US indexes stood shortly after the 9:30 a.m. opening bell on Thursday:

Here’s what else is occurring:

In commodities, bonds, and crypto:

• Oil futures fell. West Texas Intermediate crude dipped 0.5% to $71.30 a barrel. Brent crude, the international benchmark, fell 0.4% to $74.62 a barrel.

• Gold rose 0.8% to $2,697.40 an oz..

• The ten-year Treasury yield slipped three basis points to 4.396%.

• Bitcoin edged as much as $74,891.

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