Futures Are Soaring

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Futures are soaring.

In pre-market trade on Thursday, the Dow was up 209 points, the S&P 500 was up 24 points, and the Nasdaq was up 58 points.

The rally in futures comes after the S&P 500 had its best day of the year on Wednesday following the Federal Reserve's latest policy announcement, which saw the Fed say it would be "patient" in raising interest rates. 

Earlier this morning, we got initial jobless claims data that beat expectations.

Initial jobless claims fell to 289,000 from last week's 295,000, which is also what was expected by economists. 

Stocks have had a rocky December, though many expected stocks to rally into the end of the year as part of the so-called "Santa Claus Rally."

And so maybe Santa is here now.