US stock futures fluctuate between gains and losses ahead of Wednesday’s trading session.
Futures indices show a small increase in the open air.
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There are several issues and events that can guide a trading session.
The Federal Reserve began a two-day meeting on interest rates on Tuesday, with an announcement scheduled for Wednesday. Investors are largely hoping that the central bank will keep short-term rates at their near-zero levels, but they also want to hear that this speaks to how long they can stay there.
On Tuesday, the Fed said it would extend the life of seven lending programs for three months until the end of the year, recognizing the severity of the recession.
FED WRESTLES IS PREPARING FOR ITS NEXT WHEN THE VIRUS OPENS THE US ECONOMY
Apple CEO Tick Cook, Amazon CEO Jeff Bezos, Facebook CEO Mark Zuckerberg and Google Alphabet parent CEO Sundar Pihai will appear at the antitrust hearing at home on Capitol Hill.
Boeing will be the only Dow member to report earnings. Others reporting before the bell include General Motors and General Electric. PayPal and Qualcomm will appear after the markets close.
Asian stocks were mixed on Wednesday as reports of deteriorating profits added pessimism over the widespread economic consequences of the coronavirus pandemic.
Tokyo̵7;s Nikkei lost 1.1 percent, Hong Kong’s Hang Seng rose 0.5 percent and China’s Shanghai Composite jumped 2.1 percent.
During Tuesday’s session, the S&P 500 fell 0.6 percent, the Dow Jones Industrial Average fell 0.8 percent and the Nasdaq composite fell 2.1 percent.
In Europe, London’s FTSE added 0.3 percent, Germany’s DAX fell 0.1 percent and France’s CAC rose 0.7 percent.
|Me: DJI||FATE OF JOHN HEARTS||26379.28||-205.49||-0.77%|
|I: COMP||NASDAQ COMPOSITE INDEX||10402.091515||-134.18||-1.27%|
Rising coronaviruses in many states are bringing a new wave of shutdowns, and investors hope Democrats and Republicans will be able to reach an agreement on more aid for the 16 million or so Americans receiving unemployment benefits, although the two sides appear to be far apart.
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US benchmark raw materials added 47 cents to $ 41.51 a barrel in e-commerce on the New York Mercantile Exchange. It lost 56 cents to $ 41.04 a barrel on Tuesday. Brent crude, an international standard, gained 59 cents to $ 43.83 a barrel.
The Associated Press contributed to this article.