The Dow, S&P 500, and Nasdaq are rising to fresh record highs as the stock market digests the Federal Reserve's latest interest-rate decision.

The U.S. stock market is likely to decline between the Jewish holidays of Rosh Hashana and Yom Kippur — which this year begins at sundown on Monday, Sept. 22 and ends on the evening of Wednesday, Oct.

U.S. stock futures advanced on Thursday following Wednesday's mixed moves. Futures of major benchmark indices were higher.

The Nifty closed 93 points higher at 25,424, holding above the 25,400 mark, while the Sensex added 320 points to finish at 83,014. The Nifty Bank index rose 234 points to 55,727 and the Midcap index advanced 225 points to end at 59,

Hedge-fund manager David Tepper said he's miserable about doing well in the stock market this year because he doesn't love the frothiness and worries about the potential for too much easing of monetary policy,

Take this week's announced stock sale, for example. Had Rocket Lab decided to raise $750 million through stock sales as recently as a year ago, when its stock was trading around $7.50 per share, it would have had to issue 100 million shares to make that happen.