US futures moved higher on Wednesday, with contracts on the S&P 500 rising 0.6%, the Nasdaq 100 gaining 0.8%, and Dow Jones futures climbing nearly 350 points. The advance marked a third consecutive session of gains as investors braced for the Fed’s monetary policy decision later in the day. While no change in the fed funds rate is expected, markets are closely watching updated economic projections and remarks from Chair Powell for clues on how tensions with Iran could shape the policy outlook. Meanwhile, a decline in oil prices provided some relief to investors. Optimism was also supported by developments in artificial intelligence, after Nvidia's CEO highlighted the fast-emerging Open Claw project as a significant step forward in human–AI interaction. Shares of Nvidia rose about 1% in premarket trading. Other mega
cap stocks were also higher, including Apple (+0.4%), Alphabet (+0.5%), Microsoft (+0.4%), Amazon (+0.4%), Meta (+0.5%) and Broadcom (+0.5%).
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