Wall Street faces record $8.3 trillion options expiration Thursday

Futures markets pointed higher ahead of the open, with S&P 500 E-mini contracts up 0. 72% and Nasdaq 100 E-mini futures rising 1. 36%, according to Reuters, as investors partly unwound Wednesday's sharp selloff. The S&P 500 lost 1. 21% on Wednesday to close at 7,420. 10 and the Nasdaq fell 1.

34% to 26,021. 66 after the Federal Reserve held rates at 3. 75% but nine officials projected at least one hike by year-end, stripping away prior language that had flagged likely cuts.