U.S. stock index futures rebounded on Thursday from a 500-point loss in the Dow Jones Industrial Average as investors bet the Federal Reserve was done hiking interest rates. Futures tied to the Dow Jones Industrial Average added 84 points, or 0.2%. S&P 500 futures rose 0.6%, and Nasdaq-100 futures advanced by 1%. Regional banks rose in the premarket, with the SPDR S&P Regional Banking ETF (KRE) climbing 1.7%. First Republic was the best performer, gaining more than 10%. PacWest and Western Alliance also advanced. The Fed’s decision and subsequent comments by Chair Jerome Powell at the conclusion of the policymakers’ two-day meeting on Wednesday weighed on stocks. The central bank raised rates by 25 basis points, as expected. It also hinted that its inflation-fighting tightening campaign could be nearing the end, with the removal of the phrase “ongoing increases” from its statement. While Powell said that “rate cuts are not in our base case” for the remainder of 2023, traders priced in expectations of the central bank lowering rates this year. “The Fed has to really thread the needle carefully given the current bank sector situation, as well as other economic data, that is underscoring it’s not just a problem on Wall Street weighing on the markets,” said Greg Bassuk, CEO at AXS Investments. “We’re [also] seeing a problem on Main Street where it’s getting harder for consumers to borrow money and other downstream implications that are making it hard. As we always say, not only at the boardroom table, but also at the kitchen table,” Bassuk added. Asia-Pacific markets were mixed on Thursday, following Wall Street’s reaction overnight after the U.S. Federal Reserve hiked rates by another 25 basis points. Regional bank stocks in the U.S. also fell after Treasury Secretary Janet Yellen said in response to a question that officials are not considering a ‘blanket insurance’ for bank deposits. Hong Kong’s Hang Seng index led gains in Asia, up 2.11% and the Hang Seng Tech index was up 4.41%, mainly due to gains by tech giant Tencent. In mainland China, the Shenzhen Component was 0.8% higher to end at 11,605.29 and the Shanghai Composite closed 0.64% up to end the day at 3,286.65. Australia’s S&P/ASX 200 was down 0.61% to close at 6,972.5. In Japan, the Nikkei 225 shed 0.17% to end at 27,419.61, and the Topix slid 0.29% to finish at 1,957.32. South Korea’s Kospi closed 0.31% up, while the Kosdaq fell 0.15% to end the day at 812.18. Oil prices fell on Thursday following three sessions of gains, after Federal Reserve Chair Jerome Powell highlighted banking sector credit risks for the world’s largest economy, while U.S. crude stocks rose more than expected. Brent crude futures last fell 50 cents, or 0.65%, to $76.19 a barrel, while U.S. West Texas Intermediate crude (WTI) dropped 54 cents, or 0.75%, to $70.37. Both crude benchmarks settled on Wednesday at their highest closes since March 14 after the dollar slid to a six-week low. Gold prices extended gains on Thursday after the Federal Reserve signaled a potential end to its monetary tightening cycle could be on the horizon. Spot gold was last up 0.19% at $1,93.29 per ounce. U.S. gold futures gained 1.34% to $1,975.70