Stock Market Today: Dow Jones, Nasdaq 100 Futures Surge Following Sharp Sell-Off As Fed Kept Rates Unchanged—Freecast, Smith & Wesson In Focus

U.S. stock index futures climbed Thursday following a sharp Tuesday sell-off, with the Dow Jones, Nasdaq 100, and S&P 500 all advancing. The Federal Reserve held rates steady at 3.50%-3.75% in new Chair Kevin Warsh's first meeting, with markets pricing a 72.2% probability of unchanged rates at the July decision.

Individual stock action overshadowed the macro backdrop. Smith & Wesson surged 15.37% after reporting earnings that beat Wall Street estimates. Sleep Number collapsed 55.90% as the company faces Nasdaq delisting following its bankruptcy filing. FreeCast rocketed 87.96% on news it secured a reseller agreement for Starlink Business services.

The Fed's decision to pause under Warsh marks continuity after Tuesday's volatility, though the July probability suggests traders expect rates to hold through summer. The divergence between index futures and single-name volatility highlights stock-picking opportunities in the current environment, particularly around earnings surprises and corporate restructurings.