Stock Market Today: Dow Jones, Nasdaq Futures Gain As Investors Await Fed Decision, Jerome Powell's Speech—Starbucks, Seagate, Tesla In Focus
Benzinga
2026-01-28
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U.S. stock futures were swinging between gains and losses on Wednesday following Tuesday's mixed close. Futures of major benchmark indices were mixed.
While the monetary policy aspect of Wednesday's Federal Reserve meeting is expected to be routine, markets are bracing for a potentially tense press conference from Chair Jerome Powell as subpoenas and presidential pressure overshadow the proceedings.
The CME Group's FedWatch tool‘s projections show markets pricing a 97.2% likelihood of the Federal Reserve leaving the current interest rates unchanged in January.
Meanwhile, the 10-year Treasury bond yielded 4.24%, and the two-year bond was at 3.57%.
The SPDR S&P 500 ETF Trust (NYSE:SPY) and Invesco QQQ Trust ETF (NASDAQ:QQQ), which track the S&P 500 index and Nasdaq 100 index, respectively, were higher in premarket on Wednesday. The SPY was up 0.17% at $696.69, while the QQQ advanced 0.80% to $636.19.
While the monetary policy aspect of Wednesday's Federal Reserve meeting is expected to be routine, markets are bracing for a potentially tense press conference from Chair Jerome Powell as subpoenas and presidential pressure overshadow the proceedings.
The CME Group's FedWatch tool‘s projections show markets pricing a 97.2% likelihood of the Federal Reserve leaving the current interest rates unchanged in January.
Meanwhile, the 10-year Treasury bond yielded 4.24%, and the two-year bond was at 3.57%.
The SPDR S&P 500 ETF Trust (NYSE:SPY) and Invesco QQQ Trust ETF (NASDAQ:QQQ), which track the S&P 500 index and Nasdaq 100 index, respectively, were higher in premarket on Wednesday. The SPY was up 0.17% at $696.69, while the QQQ advanced 0.80% to $636.19.
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