Traders work at the New York Stock Exchange in New York City, USA, June 3, 2026.Brendan McDermid | ReutersUSA Stock futures were mixed early Wednesday as investors await earnings reports from large-cap technology companies and a Federal Reserve rate policy decision due on Wednesday. S&P 500 futures rose a little and Nasdaq-100 futures rose 0.5%. Dow futures fell 0.2%. In Asia, Japan’s Nikkei 225 closed up 1.08% and South Korea’s Kospi rose 6.63%. The Australian benchmark S&P/ASX 200 index was stable. Mainland China’s CSI 300 closed up 0.85%. In regular trading on Tuesday in the US, the major averages ended the session higher. Chip stocks rose again, this time boosted by an announcement by Broadcom that a group of banks would provide $63 billion in financing to buy the company’s chips and networking solutions that would be leased to Anthropic, the company behind Claude. Broadcom rose 4%, while Advanced Micro Devices rose 5.5% and Micron Technology rose 2.8%. Those moves led the Nasdaq Composite to rise 1.2% on the session. Stocks were also supported by lower oil prices, which fell following news that Iran’s Supreme Leader Mojtaba Khamenei met with the country’s top security official, Mohsen Rezaei, to discuss conditions for ending the war with the U.S. On Wednesday, however, attention will turn to domestic monetary policy as the Federal Reserve concludes its two-day policy meeting. The central bank is widely expected to keep interest rates steady at a target range of between 3.75% and 4%. Authorities raised rates by a quarter of a percentage point at their September meeting. According to CME’s FedWatch tool, there is about a 92% chance that the Federal Reserve will maintain the current interest rate, but some expect Chairman Kevin Warsh to signal that more increases are coming at future monetary policy meetings. The interest rate decision will be announced at 2:00 pm ET. After the bell on Wednesday, however, investors will turn their attention to AI trading as “Magnificent Seven” giants Alphabet and Microsoft kick off big tech gains. Tech stocks, particularly those with exposure to AI development, have struggled in recent weeks amid questions about technology financing. However, Morgan Stanley chief U.S. equity strategist Mike Wilson believes the recent rally in tech stocks is a sign that the trend may be coming to an end. “Most of the correction is already over,” he said in an appearance on CNBC’s “Closing Bell” on Tuesday. “We’ve been in correction mode for four or five months… I think the market has digested this very efficiently.”
