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S&P 500, Nasdaq Futures Mixed Ahead Of Fed Decision, Big Tech Earnings: GOOGL, MSFT, HOOD, SOFI In Focus
U.S. stock futures were mixed early Wednesday as investors waited for major technology company earnings and the Federal Reserve's interest rate decision later that day. S&P 500 futures rose 0.05%, Nasdaq-100 futures gained 0.3%, and Dow futures fell 0.2%.
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What happened
U.S. stock futures were mixed early Wednesday as investors waited for major technology company earnings and the Federal Reserve's interest rate decision later that day. S&P 500 futures rose 0.05%, Nasdaq-100 futures gained 0.3%, and Dow futures fell 0.2%.
Confirmed
Global impact / market context
The mixed futures suggest investors are cautious before two big events: the Fed's rate decision, which affects borrowing costs across the economy, and Big Tech earnings, which can move index-heavy stocks. Rising oil adds a separate cost pressure for companies and households.
Analyst inference
Tuesday's gains were led by chipmakers, showing investors favored technology and small caps ahead of the Fed. Alphabet shares rose in premarket trading on a report that OpenAI may buy Google's tensor processing units, which are specialized chips for artificial intelligence work, without disclosed financial terms.
Analyst inference
What to watch
- The Federal Reserve's interest rate decision is due later Wednesday, a policy choice that influences borrowing costs for companies and consumers and can shift stock and bond prices. Confirmed
- Watch whether OpenAI actually agrees to buy Alphabet's tensor processing units, since the report gave no financial terms and any confirmed deal could affect chip demand and Alphabet's revenue. Proposed
- Track oil prices after the reported attack on Saudi Arabia's Ras Tanura refinery, because higher crude costs can raise fuel and shipping expenses for companies and pressure household budgets. Analyst inference