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Stock futures rose Wednesday as the Federal Reserve’s interest rate decision looms.
Futures for the Dow Jones Industrials advanced 45 points, or 0.1%, to 41,983
Futures for the S&P 500 index attached 14.75 points, or 0.3%, to 5,684
Futures for the tech-heavy NASDAQ picked up 69.25 points, or 0.4%, to 19,771
In a Wednesday note, Guggenheim reiterated its buy rating on Roku.
Shares of the streaming platform have shed 9% this year, and have eked out a meager 4% gain over the last 12 months. Guggenheim lowered its price target to $100 per share from $115, although this revised target is still 48% above where the stock closed on Tuesday.
The Fed is scheduled to deliver its latest policy decision at 2 p.m. ET.
Though the Fed is widely expected to maintain a steady hand on interest rates, traders are keeping a close eye on the central bank’s forecast for rate policy. Central bankers will be sharing their quarterly updates on rate expectations, as well as their outlook for gross domestic product, inflation and unemployment. Those insights arrive at a time when traders are shaky on what’s ahead for the U.S. economy and the impact on markets.
In Japan, the Nikkei 225 moved downward 0.3% Wednesday, while in Hong Kong, the Hang Seng —eked forward 0.1%.
Oil prices shed 11 cents to $66.79 U.S. a barrel.
Gold prices hiked $6.10 to $3,046.90 U.S. an ounce.
