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Stock futures are flat ahead of key Fed decision
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cnbc.comU.S. stock futures were steady in overnight trading on Tuesday as investors readied for Wednesday's highly anticipated Federal Reserve decision.
Dow futures rose 15 points. S&P 500 futures were flat and Nasdaq 100 futures rose 0.03%.
On Tuesday, the major averages slipped, exacerbated by selling in software names like Microsoft and Adobe. The Dow Jones Industrial Average lost 106 points. The S&P 500 fell 0.75%.
The technology-focused Nasdaq Composite was the relative underperformer, dipping 1.1% as Facebook-parent Meta Platforms, Amazon, Apple, Netflix and Google-parent Alphabet all closed lower.
Also hurting sentiment Tuesday was the hotter-than-expected inflation reading for November's producer price index showing a year-over-year
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