Stock futures traded higher on Monday night (Tuesday AEDT) after two consecutive winning sessions provided some relief from recent market declines.
By 9:12 am AEDT (10:12 pm GMT), futures for the Dow Jones Industrial Average, S&P 500, and Nasdaq 100 were up 0.9%, 1%, and 1.1%, respectively.
The gains follow Wall Street’s rebound from multi-month lows after weeks of turbulence caused by mixed economic data and uncertainty over President Donald Trump’s shifting tariff policies.
While investors continue to track developments from the White House, attention is now turning to the Federal Reserve’s two-day policy meeting.
Market participants will closely watch Wednesday afternoon’s (Thursday AEDT) interest rate decision and Fed Chair Jerome Powell’s subsequent press conference.
Fed funds futures currently indicate a 98% probability that the central bank will keep rates unchanged, according to the CME FedWatch Tool.
Ahead of the Fed’s announcement, investors will also look toward housing, construction, and industrial production data set for release later in the session.
