The S&P 500 and Nasdaq were rising in premarket trading Wednesday ahead of the Federal Reserve's latest interest-rate decision. Meta, Microsoft and Alphabet all report earnings after the close.

US stock futures extended their rally on October 26, driven by investor optimism over anticipated Federal Reserve interest rate cuts and easing US-China trade tensions. Major indexes climbed, with technology stocks leading gains ahead of key earnings reports.

U.S. stock futures climbed on Sunday evening, continuing last weeks rally as optimism grew over a potential Federal Reserve rate cut and signs of progress in U.S.-China trade talks. SP 500 Futures advanced 0.

Nvidia rises after President Donald Trump says he may discuss the company’s advanced Blackwell chips with Chinese President Xi Jinping when they meet Thursday. Earnings are expected Wednesday from Microsoft,

Fed policy and MAG7 earnings dominated market focus as Dow Jones and Nasdaq 100 futures traded mixed, holding key support after record highs Tuesday.

Stock futures pointed sharply higher Monday, led by chipmaker and tech shares, on optimism that the U.S. and China would strike a trade deal, with President Donald Trump and Chinese leader Xi Jinping set to meet later this week.

Microsoft reports earnings on Wednesday, and analysts see the potential for further acceleration in its cloud business as well as major benefits from a Windows refresh cycle.

Ahead of Tuesday's opening bell, Dow Jones futures rose a fraction, as did S&P 500 futures and tech-heavy Nasdaq 100 futures. Remember that overnight action in Dow Jones futures and elsewhere doesn't necessarily translate into actual trading in the next regular stock market session.