Stock futures in the United States were higher Friday morning after a choppy trading session as traders digested Federal Reserve Chair Jerome Powell’s latest comments on inflation. Futures on the Dow Jones Industrial Average increased by 138 points, or 0.43%. Futures on the SP 500 and Nasdaq 100 rose 0.52 and 0.79%, respectively. DocuSign shares jumped more than 17% in extended trading after the electronic signature company reported a profit beat. In addition, the company issued a third-quarter revenue forecast that was higher than expected.

The Dow Jones Industrial Average gained 193 points, or 0.61%, during Thursday’s regular session, closing higher after alternating between gains and losses throughout the day. The SP 500 gained 0.66%, while the Nasdaq Composite gained 0.60%. With these gains, all three major averages are on track to end a three-week losing streak. The Dow is up 1.45% so far this week. Meanwhile, the SP 500 is up 2.09%, while the Nasdaq Composite is up 1.99%. Still, stocks were under pressure as Wall Street increased its expectations for a 0.75 percentage point rate hike this month, after the Fed chair stated again that he is “strongly committed” to lowering inflation. “I think people are grossly underestimating what the Fed will have to do to combat inflation,” Richard Bernstein Advisors CEO Richard Bernstein said on CNBC’s “Closing Bell: Overtime” on Thursday.

“It’s incredible that investors are even thinking about a Fed pivot when the real fed funds rate remains about as negative as it has historically been.” So the Fed hasn’t even begun to combat inflation. There is no positive real fed funds rate. “It’s difficult to argue that we should become overly bullish anytime soon,” he added.