US Futures Steady Ahead of Fed Policy Decision
US stock futures held steady on Wednesday as investors braced for the upcoming Federal Reserve policy decision, as well as earnings from megacap technology companies. The central bank is broadly expected to keep interest rates unchanged, while traders look for clues about the possibility of a rate hike in December. On the corporate front, Alphabet and Microsoft are set to release earnings after the market closes on Wednesday, with investors closely assessing their results for insights into the AI trade. During Tuesday’s regular session, the S&P 500 and Nasdaq Composite gained 0.6% and 1.18%, respectively, supported by strength in technology shares. Chipmakers led the advance after Broadcom revealed that a consortium of banks would provide $63 billion in financing tied to the use of its technology by Anthropic. Meanwhile, Meta’s $25 billion share offering was oversubscribed by five times, while Oracle Corp. further strengthened its partnership with OpenAI.
US stock futures held steady on Wednesday as investors braced for the upcoming Federal Reserve policy decision, as well as earnings from megacap technology companies. The central bank is broadly expected to keep interest rates unchanged, while traders look for clues about the possibility of a rate hike in December. On the corporate front, Alphabet and Microsoft are set to release earnings after the market closes on Wednesday, with investors closely assessing their results for insights into the AI trade. During Tuesday’s regular session, the S&P 500 and Nasdaq Composite gained 0.6% and 1.18%, respectively, supported by strength in technology shares.
Chipmakers led the advance after Broadcom revealed that a consortium of banks would provide $63 billion in financing tied to the use of its technology by Anthropic. Meanwhile, Meta’s $25 billion share offering was oversubscribed by five times, while Oracle Corp. further strengthened its partnership with OpenAI.