Stock futures rose after a volatile session following the Fed’s latest interest rate hike.

Stock futures were slightly higher on Wednesday evening after losses in the daily trading session as the Federal Reserve signaled that no pivot or rate cut is imminent after another interest rate hike.

Futures tied to the Dow Jones Industrial Average rose 63 points, or 0.2 percent. S&P 500 futures and Nasdaq 100 futures were 0.25% and 0.33% higher, while shares of Qualcomm, Roku And Fortinet It slipped after reporting disappointing quarterly results and deferred guidance.

Traders had expected a 0.75 percentage point hike by the central bank and initially read the Fed’s statement as dovish, sending stocks higher.

Those gains were reversed when Federal Reserve Chairman Jerome Powell said it was “premature” to stop talking about rate hikes and that the terminal rate could be higher than previously reported.

“We still have some way to go and incoming data from our last meeting suggests that the final interest rate will be higher than previously expected,” he said.

The Dow Jones Industrial Average ended Wednesday’s trading session down 416 points, or 1.3%, ending a significant October rebound. The S&P 500 fell 2% and the Nasdaq Composite lost 2.8%.

Markets will continue to watch until it is known that inflation has cooled and the Fed has stopped hiking. Any data that shows the U.S. economy is not slowing as the central bank tightens policy could weigh on stocks.

The next important report is the non-October farm payrolls, set for release on Friday.

“You get a good job number, in other words, a good unemployment rate doesn’t go up, then the market has a lot of problems,” said Guy Adami, director of advocacy at the Private Advisory Group, on CNBC’s “Fast Money.”