Yahoo Finance
US stock futures mostly rose on Wednesday as techs eyed a rebound ahead of the Federal Reserve's interest-rate decision, the first under new Chairman Kevin Warsh.
Contracts on the tech-heavy Nasdaq 100(NQ=F)climbed 0.5%, while those on the S&P 500(ES=F)moved up 0.1%.
Dow Jones Industrial Average futures(YM=F)were little changed after the blue-chip benchmarkclosed at a record highamid uncertainty around the US-Iran peace deal.
The Fed iswidely expectedto hold rates steady on Wednesday.
As a result, investors will focus on discerning Warsh's view of monetary policy and whether rate hikes could be on the horizon.Hot inflation dataamid the US war with Iran, combined withsigns of a steady job market, has taken rate cuts off the table.
Investors are also debating whether the blocked oil flows through the Strait of Hormuz could be cleared quickly, as they weigh the US-Iran interim deal to end their conflict.
Bloombergreportedthe text of the 14-point memorandum on Tuesday evening.
The two sides are aiming to formally sign the agreement on Friday.
SpaceX (SPCX) shares rose before the bell, set for a fourth day of gains after the Elon Musk-led rocket company overtook Amazon (AMZN) by market value.
Shares of Elon Musk's rocket and AI company Space Exploration Technologies Corp.
rose 4.5% in New York premarket trading Wednesday, signaling a slower pace of gains than previous sessions.
The company formally known as Space Exploration Technologies Corp.
| Product | Price | Change |
|---|---|---|
| Brent Crude | $102.14/bbl | +0.34% |
| WTI Crude | $96.90/bbl | +0.21% |
| EN590 Diesel | $846/MT | +0.18% |
| Jet Fuel A-1 | $1090/MT | +0.55% |
| Mazut M100 | $450/MT | -0.15% |
| Bitumen 60/70 | $470/MT | +0.08% |
| Sulphur Gran 99.5% | $470/MT | -0.44% |
| Urea 46% Gran | $650/MT | +1.12% |
| NPK 16-16-16 | $460/MT | -0.28% |
| Nat Gas TTF | $15.42/MMBtu | +0.92% |
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