U.S. stock futures rose on Wednesday following two consecutive days of lower closes for the S&P 500 and Nasdaq 100 indices on Tuesday.
Investors are awaiting Nvidia Corp.‘s (NASDAQ:NVDA) first-quarter results scheduled to be released after the closing bell. Analysts are expecting NVDA to report second-quarter earnings of $1.76 per share on revenue of $79.04 billion.
Additionally, the Federal Reserve will be releasing the minutes of the Fed meeting later in the afternoon.
Meanwhile, the 10-year Treasury bond yielded 4.65%, and the two-year bond was at 4.10%. The CME Group’s FedWatch tool‘s projections show markets pricing a 96.7% likelihood of the Federal Reserve leaving the current interest rates unchanged during June’s meeting.
| Index | Performance (+/-) |
| Dow Jones | 0.08% |
| S&P 500 | 0.30% |
| Nasdaq 100 | 0.68% |
| Russell 2000 | 0.36% |
The SPDR S&P 500 ETF Trust (NYSE:SPY) and Invesco QQQ Trust ETF (NASDAQ:QQQ), which track the S&P 500 and Nasdaq 100, respectively, were higher in premarket on Wednesday. The SPY was up 0.35% at $736.30, while the QQQ was higher by 0.69% to $706.38.
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