Modupe Gbadeyanka
By Investors Hub
The major U.S. index futures are pointing to a modestly higher opening on Wednesday following the mixed performance seen in the previous session.
Traders may remain reluctant to make significant moves ahead of the Federal Reserve?s monetary policy announcement this afternoon.
With the Fed widely expected to raise interest rates by a quarter point, traders are likely to keep a close eye on the accompanying statement as well as outgoing Fed Chair Janet Yellen?s press conference for clues about the outlook for future rate hikes.
Stocks turned mixed over the course of the trading session on Tuesday, as traders seemed reluctant to make significant news ahead of the Fed announcement. Despite the choppy trading, the Dow and the S&P 500 reached new record closing highs.
While the Nasdaq dipped 12.76 points or 0.2 percent to 6,862.32, the Dow climbed 118.77 points or 0.5 percent to 24,504.80 and the S&P 500 inched 4.12 points or 0.2 percent to 2,664.11.
