US Futures Steady Ahead of Fed Decision
2025-10-29 00:08
By
Jam Kaimo Samonte
1 min. read
US stock futures were little changed on Wednesday as investors awaited the Federal Reserve’s policy decision, with markets widely expecting a quarter-point rate cut.
Traders will closely watch Chair Jerome Powell’s remarks for clues on the pace of further easing.
Attention also turned to earnings from “Magnificent Seven” giants, with Alphabet, Meta and Microsoft set to report after Wednesday’s close, followed by Apple and Amazon on Thursday.
Meanwhile, Nvidia shares rose 1.7% in extended trading, adding to Tuesday’s record-setting rally, after unveiling partnerships with the US government, Oracle, Uber and Eli Lilly, among others.
In regular trading on Tuesday, the Dow rose 0.34%, the S&P 500 gained 0.23% and the Nasdaq Composite climbed 0.8%.
All three benchmarks reached new all-time highs as an expected Fed rate cut, easing US-China trade tensions and upbeat corporate updates particularly in the tech sector boosted sentiment.