The Federal Reserve held rates steady at 3.75%-4.00% with a 10-2 vote, largely in line with market expectations.

Two of the three major U.S. stock indexes were up modestly in the final hour of trade as the Federal Reserve takes a "wait and see" approach to rates. The Dow Jones Industrial Average was up 0.2% The S&P 500 was 0.

The Dow Industrials and S&P 500 fell on Friday while technology shares steadied to end a turbulent week for the market-driving AI trade, while investors looked ahead to a busy slate of corporate earnings and a Federal Reserve interest-rate policy meeting.

Stock futures pointed to a lower open to conclude a volatile week of trading, as oil prices continued to climb on threats of escalated fighting in the Middle East.

U.S. stocks opened higher on Wednesday ahead of the Federal Reserve's interest-rate decision at 2 p.m. Eastern. The expectation is that the Fed will delay raising interest rates until December, despite hot inflation data that has emerged since its first hike in three years in September.

Stocks rose Monday as Anthropic’s IPO filing lifted chip stocks. See how the Dow, S&P 500 and Nasdaq moved before big tech earnings and the Fed decision.

Stock futures rose ahead of the U.S. employment report for September, as oil prices dropped and the 10-year Treasury yield wavered. The three major U.S. stock indexes entered Friday on pace for weekly losses.

Editor’s Note: The ETFs tracking benchmark indices and the headline were updated in the story. U.S. stock futures were mixed on Friday, as Dow Jones, S&P 500 and Nasdaq 100 futures moved in different directions following Thursday’s lower close.

Kalshi has signed a preferred-provider agreement with S&P Dow Jones Indices to introduce event contracts linked to major financial benchmarks, including the S&P 500.