S&P 500 Futures Rose 0.1% Ahead of Fed Decision on Rates

AI Summary

On Wednesday, S&P 500 futures increased by 0.1% while Nasdaq-100 futures rose by 0.5% as traders awaited the Federal Reserve's monetary policy decision. SpaceX shares rose by more than 1% premarket, following a 50% increase since its IPO at $135 last week. Additionally, the Invesco PHLX Semiconductor ETF (SOXQ) was up by 2%, with notable gains from ASML (up 4%) and Intel (up nearly 3%). The Fed is expected to maintain interest rates at 3.5% to 3.75%, marking a key point for market sentiment.