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S&P 500, Dow, Nasdaq 100 Futures Gain Ahead of FOMC's Anticipated Rate Hike Decision— INTC, SKHY, LEN, TCOM in Focus

3m | Sep 16, 2026

U.S. stocks look set for a positive open on Wednesday, with futures for the Dow Jones, S&P 500, and Nasdaq Composite rising after declining on Tuesday.

The Federal Open Market Committee’s two-day meeting will end today, with all eyes on the FOMC’s policy direction. The CME Group’s FedWatch tool projections show markets pricing in a 92.5% likelihood of the Federal Reserve hiking interest rates tomorrow.

At the time of writing, the 10-year Treasury bond yielded 5%, while the the 2-year Treasury bond yielded 4.66%.

Meanwhile, the economic fallout of the U.S.-Iran war continues, despite Brent Crude Futures slipping 0.68% to $108 per barrel. Senator Elizabeth Warren (D-Mass.) highlighted a Congressional Budget Office estimate that the conflict has cost the Department of Defense nearly $40 billion and driven "nearly half" of U.S. inflation. Meanwhile, Senate Minority Leader Chuck Schumer (D-N.Y.) slammed President Donald Trump for blaming Ukraine for high diesel prices.

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, rose in premarket on Wednesday. The SPY was up 0.37% at $760.23, while the QQQ advanced 0.61% to $708.87.

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