Futures for the Nasdaq-100 index gained ground early Wednesday, boosted by Apple Inc.’s earnings-driven jump in premarket trading.
The Dow Jones Industrial Average and S&P 500 looked set for more muted moves, as traders braced for a Federal Reserve policy statement, as well as ADP’s monthly report on private-sector employment.
What are the main benchmarks doing?
The Dow and S&P are down 2.5% and 0.7% for the year, as of Tuesday’s close. The Nasdaq Composite has climbed 3.3%.
What’s driving markets?
Apple’s stock AAPL, +2.32% rose 3.4% in premarket action after the largest American company by market capitalization late Tuesday posted better-than-anticipated earnings and revenue for the first quarter.
Encouraging first-quarter earnings from many companies have helped the main equity benchmarks rally in recent weeks, though investors also have been worried about protectionism and other geopolitical flare-ups.
Which economic releases are on tap?
Fed officials are due to wrap up a two-day meeting, and the policy makers are expected to leave interest rates on hold and signal no change to a tightening path of two more rate increases in 2018.
The Federal Open...