Energy companies followed oil prices higher. The S&P; 500, which gained 1.5% on September 12, lost all the extra gains on the next day.

US stock indexes opened lower on Friday but were poised to end the week higher after a three-day rally spurred by optimism that the Federal Reserve will hold off from raising interest rates in the near term. Eastern. The Standard & Poor's 500 index rose 11 points, or 0.5 percent, to 2,174 and the Nasdaq composite rose 34 points, or 0.7 percent, to 5,329.

The Nasdaq Composite was up 18.58 points, or 0.35 percent, at 5,259.94. For more on this, BNN is joined by Chris Damas, President at The BCMI Report.

European share are seen opening little changed, with speadbetter picking a 0.1 percent fall in Britain's FTSE and 0.1 percent rise in Germany's DAX.

Bond prices rose. The yield on the 10-year Treasury note fell to 1.61 percent. RBC raised the stock to a "top pick" designation, a trader said. That group was spun off last week from the financials category, which includes banks and insurance companies. Freeport-McMoRan, the mining giant, jumped 36 cents, or 3.5 percent, to $10.90.

Other commodities also rose, which helped materials stocks. The dollar declined against the euro, British pound and emerging-market currencies, but was higher against the Japanese yen.

"The Fed probably appeared less hawkish than what the markets had expected", said Ryan Larson, head of equity trading at RBC Global Asset Management in Chicago. "The forecasts and the statement suggest a rate hike is increasingly likely in December", she said.

However, the Fed has dropped some strong hints that interest rates will go up before the end of the year.

Snapchat to release US$130 sunglasses with built-in camera
Of course the Spectacles can be connected to your smartphone so that you can instantly share the videos with your friends. Hard core SnapChat users will be all over this gadget that lets them upload to Snapchat without holding their smartphone.

That left investors feeling that any monetary policy tightening would be leisurely at best.

Richard Franulovich, an analyst at Westpac, noted that back in June the median "dot plot" - the rate moves expected by the Fed's members - showed five hikes to end-2017. The US dollar was lower for most of the week, driving interest in the commodity by worldwide buyers. "The FOMC is unlikely to deliver anything more than a very "dovish" December hike".

Before that also comes the uncertainty of USA elections, added GAM's Hatheway.

The view that the labor market is not close to overheating is also central to Dallas Fed President Robert Kaplan's view that the Fed should be patient and cautious in raising rates.

US crude was up 43 cents to $45.77 per barrel. There have now been nearly 200 cuts worldwide since the start of previous year.

The technology index .SPLRCT rose 0.5 percent, giving the benchmark S&P; 500 index its biggest boost.

After the Fed's statement, traders were betting on a 63-percent chance of a December rate increase, up from 58 percent just before the statement, according to the FedWatch website.