U.S. index futures point to a modestly higher open on Wednesday, as traders position themselves for the Fed rate decision due in the afternoon.
The major averages declined Tuesday but closed off the lows of the session amid Fed jitters. The selling was across the board, with real estate, materials, consumer discretionary, and communications stocks seeing marked weakness.
With Tuesday’s retreat, the major averages pulled back to their lowest levels in over two months.
U.S. Indices’ Performance On Tuesday
S&P 500 Index
Here’s a peek into index futures trading:
U.S. Futures’ Performance On Wednesday During Premarket Session
Nasdaq 100 Futures
S&P 500 Futures