US Stock Futures Mixed As Investors Await Fed Decision

US stock futures are mixed this morning. Futures for the Dow Jones Industrial Average gained 1 point to 12,763.00 and S&P 500 index futures fell 0.20 points to 1,350.40. Nasdaq 100 futures gained 4.75 points to 2,617.25.

US stocks closed higher on Tuesday, with the Dow Jones Industrial Average rising 0.75% to 12,837.33, the S&P 500 index surging 0.98% to 1,357.98 and the Nasdaq 100 index gaining 1.19% to 2,929.76.

The Fed is scheduled to announce its monetary policy decision at 12:30 p.m. ET.

Bed Bath & Beyond (NASDAQ: BBBY) is projected to post its Q1 EPS at $0.84 on revenue of $2.25 billion. Goodrich (NYSE: GR) is estimated to post its Q2 earnings at $1.71 per share on revenue of $2.22 billion.

Actuant (NYSE: ATU) is projected to post its FQ3 earnings at $0.59 per share on revenue of $429 million. Steelcase (NYSE: SCS) is expected to post its Q1 EPS at $0.13 on revenue of $681.10 million.

Micron Technology (NASDAQ: MU) is projected to post a Q3 loss at $0.20 per share on revenue of $2.00 billion. Red Hat (NYSE: RHT) is expected to post its Q1 EPS at $0.27 on revenue of $310.77 million.

Procter & Gamble Co (NYSE: PG) lowered its fourth-quarter profit and sales estimates.

Adobe Systems (NASDAQ: ADBE) lowered its full-year revenue forecast.

FSI International (NASDAQ: FSII) issued a weak Q4 forecast.

European markets were mixed today. The STOXX Europe 600 Index fell 0.04%, London's FTSE 100 Index gained 0.08%, French CAC 40 index dropped 0.26% and German DAX 30 index surged 0.04%.

Asian markets ended mostly higher, with Japan's Nikkei Stock Average rising 1.11%, Chinese Shanghai Composite dropping 0.34% and Australia's S&P/ASX 200 rising 0.23%. Hong Kong's Hang Seng index surged 0.53% and India's Sensex gained 0.22%.

The euro gained 0.01% versus the dollar to trade at $1.2687 on Wednesday.

Crude for July delivery dropped $0.17 to $83.86 a barrel, while gold for August delivery declined $5.30 to $1,617.90 an ounce.

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