U.S. Stock Futures Rise Ahead of Fed Decision and Big Tech Earnings
U.S. stock futures climbed Wednesday morning as investors positioned for the Federal Reserve's interest rate decision and a wave of earnings reports from major technology firms. Nasdaq 100, S&P 500, and Dow Jones Industrial Average futures advanced 0.42%, 0.25%, and 0.14%, respectively, reflecting cautious Optimism in pre-market trading.
Tuesday's rally extended gains across all three major indices, fueled by strong corporate results, AI-driven enthusiasm, and expectations of a dovish Fed pivot. Nvidia shares continued their ascent after CEO Jensen Huang's bullish GTC conference remarks pushed the chipmaker's market valuation toward $5 trillion—prompting multiple Wall Street analysts to revise price targets upward.