U.S. stock index futures rising as markets continue to rebound from Monday’s heavy sell-off, led by solid gains from Apple after the tech giant reported better-than-expected earnings.
Later in the day, U.S. companies including Microsoft, Facebook and Tesla are scheduled to report earnings for the latest quarter.
While the Fed is widely expected to hold interest rates stable when it concludes its latest round of policy meetings this evening, investors are likely to be watching for fresh cues on how the U.S. central bank controls short-term rates. Policy makers will be looking to unwind a program that began last year when the Fed flooded markets with cash to avoid fresh spikes in overnight lending rates. Chairman Jerome Powell’s comments at a press briefing may also provide hints of what lies ahead for the world’s largest economy.
Trader Georgi Bozhidarov