Investors await the Federal Reserve’s rate decision under new Chair Kevin Warsh, with S&P 500 and Nasdaq futures rising modestly.
U.S. stock futures edged up Wednesday ahead of the Federal Reserve’s interest rate announcement, with the S&P 500 futures up 0.1% and Nasdaq 100 contracts gaining 0.6%. Dow Jones futures dipped slightly. Technology stocks led the advance, supported by gains in semiconductor names like ASML and Intel.
The Fed is expected to hold rates steady at 3.5% to 3.75%, though recent commentary suggests a shift toward potential rate hikes. New Chair Kevin Warsh is not expected to submit a dot-plot projection, reflecting caution amid evolving policy discussions.
Brent crude traded near $79 a barrel, its lowest level since the early stages of the Iran conflict, as geopolitical tensions eased slightly. SpaceX shares rose 3.5% premarket, extending a post-IPO rally that pushed its valuation past Amazon’s.