On Wednesday, U.S. stock futures showed a general upward trend as investors anticipated the Federal Reserve's decision, scheduled for later in the day. By sector, S&P 500 contracts rose by 0.1%, Nasdaq 100 futures climbed approximately 0.3%, while Dow Jones futures remained largely stable. This movement followed a previous session marked by losses. The Federal Reserve is largely expected to maintain current interest rates, but it will release new economic projections that could provide valuable insights into future economic conditions.
On the corporate front, Tesla's stock saw an approximately 3% increase in premarket trading after securing its inaugural approval from California regulators for a potential robotaxi initiative. Nvidia's shares also rose by over 1%, recovering from the prior day's 3.4% decline, spurred by the CEO's announcement of a new series of enhanced chips and technologies at the GTC conference. Other major tech stocks also experienced gains before the market opened, with Apple rising by 0.2%, Microsoft by 0.2%, Amazon by 0.5%, Meta by 0.4%, and Alphabet by 0.4%.
