Equity futures have changed little after Thursday’s comeback

US stock futures were little changed on Thursday evening after the major averages made a late comeback as investors assessed the likelihood of tightening monetary policy by the Federal Reserve to fight inflation.

The Dow Jones Industrial Average futures were up 2 points, or 0.01%. S&P 500 and Nasdaq 100 futures climbed 0.01% and 0.05% respectively.

The Dow Jones Industrial Average bounced back on Thursday after two consecutive days of losses. The Dow rose 87.06 points, or 0.25%, to 34,583.57 after falling as much as 300 points earlier in the session. The S&P 500 gained 0.43% to 4,500.21 and the Nasdaq Composite rose 0.06% to 13,897.30.

The choppy session came amid lingering uncertainty as investors took a more aggressive stance on inflation by the Federal Reserve. On Wednesday, the central bank released the minutes of its March meetings, which revealed that policymakers plan to reduce their bond holdings by a consensus amount of about $95 billion a month. The minutes also pointed to potential 50 basis point rate hikes in future meetings. One basis point is equal to 0.01%.

“We’re in a market with trading range and will be for a while,” Stephanie Link, chief investment strategist and portfolio manager at Hightower, told CNBC’s “Closing Bell.” “And it’s really because we just have so many unknowns to deal with.”

On the economic front, the wholesale inventories report will be released Friday at 10 a.m.

Investors are also looking ahead to the earnings season, which kicks off next week with reports from five major banks. JPMorgan reports to the bell on Wednesday. Citigroup, Goldman Sachs, Morgan Stanley and Wells Fargo will report ahead of markets on Thursday.