Stock Index Futures Rise Ahead of Fed Rate Decision and Big Tech Earnings
Stock index futures rose on Wednesday as investors prepared for the Federal Reserve's interest rate decision and upcoming earnings reports from major tech companies. Pre-market trading saw a partial rebound in chipmakers after days of declines, with Seagate Technology (STX) surging over 5% following strong quarterly results and guidance that exceeded expectations. Meanwhile, SK Hynix executives indicated sustained demand for memory chips could last years, though its shares fell more than -9% despite a significant rise in net profit. The geopolitical situation also influenced markets as WTI crude prices climbed nearly +4% due to escalating tensions between the U.S., Iran, and allied forces. On Wall Street, IQVIA Holdings (IQV), Workday (WDAY), Thomson Reuters (TRI), and Sherwin-Williams (SHW) were among top gainers after strong earnings reports. However, chip stocks like Sandisk (SNDK) and Micron Technology (MU) fell sharply.
Tickers: $IQV $MU $SHW $SKHYV $SNDK $STX $TRI $WDAY
Topics: ai_infrastructure_stocks big_tech_earnings fed_rate_decision stock_index_futures