New Delhi, Sept. 17 -- US stock futures were trading higher in Thursday's trade, 17 September, as a rally in Treasuries and a drop in crude oil prices lent support to the market a day after the Federal Reserve raised interest rates for the first time since 2023.

Futures for the S&P 500 rose 0.8%, while those for the Dow Jones Nasdaq 100 climbed 0.7% and 1.1% respectively. The gains in futures came after Wall Street closed lower on Wednesday, with the S&P 500 falling 0.5% and the Dow Jones Industrial Average declining 1.2%.

The Federal Open Market Committee voted unanimously to raise the benchmark interest rate to a range of 3.75% to 4% on Wednesday.

The much-anticipated rate hike eased pressure on Treasuries, with the benchmark 10-year...