US stock futures gain as oil pulls back ahead of Fed decision

What happened

US stocks moved in different directions before the Federal Reserve's rate decision. Losses in Tesla and Apple offset gains in chipmakers after SK Hynix reported strong results. Micron rose 4.8%. The S&P 500 and Nasdaq rose as oil prices eased, while the Dow fell.

Global impact / market context

The market is mixed, not one-directional. Big tech weakness can pull indexes down even when other sectors gain. Falling oil prices can support overall market mood. Investors are waiting for the Fed, so many are hesitant to make big moves.

What to watch

1. The Federal Reserve's rate decision on Wednesday: the Fed is widely expected to hold rates steady, and the outcome can shift market direction.
2. Oil prices: oil fell for a second day and eased before the Fed decision, and further moves can affect overall risk appetite.
3. Earnings from major companies and profit forecasts: Coca-Cola and PayPal gained after raising forecasts, showing company results can move individual stocks.

Affected assets

• Brent crude oil
• Dow Jones Industrial Average
• E-mini Dow futures
• E-mini S&P 500 futures
• Nasdaq 100 E-mini futures
• Nasdaq Composite Index
• SPX

Evidence

• Infoway News — Wall St choppy as megacap losses offset chip gains before Fed decision 2026-10-28T14:31:50+00:00
• Infoway News — S&P 500, Nasdaq advance as oil eases ahead of Fed decision 2026-10-27T14:32:04+00:00
• Infoway News — Wall St on pace for higher open as oil pulls back ahead of Fed decision 2026-10-27T12:53:57+00:00
• Infoway News — US stock futures gain as oil pulls back ahead of Fed decision 2026-10-27T11:27:21+00:00
• Incident timeline — Wall St choppy as megacap losses offset chip gains before Fed decision
• Incident timeline — S&P 500, Nasdaq advance as oil eases ahead of Fed decision
• Incident timeline — Wall St on pace for higher open as oil pulls back ahead of Fed decision
• Incident timeline — US stock futures gain as oil pulls back ahead of Fed decision