U.S stock futures rose in early morning trading on Wednesday as investors looked for guidance from the Federal Reserve on the future path of interest rates with a gradual reopening of the economy in sight.
Futures on the Dow Jones Industrial Average traded 144 points higher, implying a Wednesday opening gain of 193 points. S&P 500 and Nasdaq futures also pointed to Wednesday opening gains for the two indexes.
All eyes will be on the Fed’s monetary policy decision at 2 p.m. ET Wednesday. Investors will look to the central bank’s statement and chairman Jerome Powell’s virtual press conference for clues about how long interest rates will stay near zero as the economy seeks to emerge from coronarivirus crisis.
Source : CNBC