US stock futures gain as oil pulls back ahead of Fed decision
SPY•U.S. stock futures rose as oil extended its decline and investors awaited the Federal Reserve’s rate decision on Wednesday. Dow futures gained 0.32%, S&P 500 futures 0.19% and Nasdaq 100 futures 0.27%.
1. Futures edge higher
U.S. stock index futures ticked up Tuesday as crude prices fell for a second straight day and investors awaited corporate earnings and the Federal Reserve’s decision. The Fed is widely expected to hold rates steady Wednesday, though markets are pricing in at least two more hikes by mid-2027.
2. Company shares mixed
Coca-Cola rose 0.3% after raising its annual profit forecast, while PayPal fell close to 1% despite lifting its annual adjusted profit outlook. Tesla gained more than 1%. Royal Caribbean climbed 4.6% after beating third-quarter profit estimates, while Whirlpool dropped 8% after reporting a quarterly loss and missing revenue expectations.
3. AI and earnings in focus
Alphabet, Microsoft and Amazon.com are expected to report results later this week, with investors watching whether AI investments are driving growth. Meta was flat after increasing its planned equity fundraising to $97.5 billion to fund AI expansion. Nvidia, Advanced Micro Devices and Broadcom have shown interest in investing up to $5 billion in total.
