US Futures Inch Higher Ahead of Hyperscaler Earnings, Fed

2026-04-29 11:59 By Andre Joaquim 1 min. read

Futures tracking US equities inched higher on Wednesday as markets positioned for major earnings announcements and a likely rate hold by the Federal Reserve.

Contracts for the S&P 500, Dow, and Nasdaq 100 inched higher.

Hyperscalers Microsoft, Meta, Alphabet, and Amazon were mixed ahead of their earnings reports after the bell, set to update their paths on AI capital expenditure that has boosted equity indices despite the growing skepticism on their sustainability.

AI infrastructure companies were already in the spotlight after OpenAI reportedly missed targets yesterday.

Nvidia and Broadcom rebounded.

Visa was over 5% higher pre-market after posting strong results for the last quarter, while Booking dropped 4% on their earnings.

Meanwhile, defensive stocks held ground despite the fresh increase in oil prices on no signs of energy supply from the Middle East.

Lastly, the Federal Reserve is due to hold rates unchanged this session in Chair Powell's likely last meeting in the position.



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