U.S. stock futures were higher ahead of Wednesday’s session as investors looked ahead to Big Tech earnings this week from Microsoft (MSFT), Meta Platforms (META), Apple (AAPL), and Tesla (TSLA), along with the Federal Reserve’s interest rate decision. Futures on the Nasdaq 100 (NDX), the Dow Jones Industrial Average (DJIA), and the S&P 500 (SPX) Index were up 0.63%, 0.03%, and 0.33%, respectively, at 12:58 a.m. EDT on January 28.
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During Monday’s session, markets closed mixed. The S&P 500 rose 0.4% to finish at a record high, while the Nasdaq Composite climbed 0.9%. In contrast, the Dow fell more than 400 points, pressured by a drop in UnitedHealth (UNH) shares, despite reporting strong revenues.
The Federal Reserve will announce its first rate decision of the year on Wednesday. The central bank is widely expected to keep interest rates unchanged, though investors will watch closely for signals on the future policy outlook.
Earnings from a slate of major technology companies are on deck. Microsoft, Meta Platforms, and Tesla are set to report results Wednesday after the closing bell, while Apple will report on Thursday.