US stock futures rallied on Wednesday amid a tech revival that sent the Nasdaq surging, as investors got ready to find out the Federal Reserve's decision on whether to cut interest rates. S&P 500 futures climbed 0.9%, while Nasdaq 100 futures jumped 1.5% after the tech-heavy index closed sharply lower. Dow Jones Industrial Average futures moved up 0.1%. Tech stocks are in the ascendant again after taking a battering in recent days.
Elsewhere, Dutch chip gear giant ASML's stock surged after Reuters reported the US will exempt some foreign allies from new China curbs. As that pressure eases, the spotlight is turning to the Fed, which is expected to hold interest rates steady but signal a cut is in the pipeline when it ends its July policy meeting later Wednesday.
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Stock market news today: S&P 500 futures surge as techs bounce back on big Fed dayA tech revival is helping lift stocks, with the Federal Reserve's rate decision on deck.
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Stock market news today: S&P 500 edges up in wait for key earnings, Fed meeting kickoffA packed day of earnings and the start of the Fed's July meeting continue a potentially pivotal week for stocks.
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Stock market news today: S&P 500, Nasdaq futures tumble as China curb risk rattles techsTechs were under dual pressure from worries about US export curbs on China and Donald Trump's stance on Taiwan.
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Stock market news today: S&P 500, Nasdaq inch higher to kick off huge week for marketsInvestors are bracing for a big week filled with a Fed rate decision, the jobs report and Big Tech earnings.
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Stock market news today: S&P 500, Nasdaq gain to kick off huge week for marketsInvestors are bracing for a big week filled with a Fed rate decision, the jobs report and Big Tech earnings.
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