U.S. stock index were poised to rise Wednesday, in the final trading day of the month, ahead of a crucial Federal Reserve policy decision that is widely expected to result in the first interest-rate cut in more than a decade.
The central bank will have one helpful data point to digest before deciding policy, with a ADP’s private-sector employment report due before the opening bell.
How are the major benchmarks faring?
Futures for the Dow Jones Industrial Average YMU19, +0.26% were up 64 points, or 0.2%, at 27,229, those for the S&P 500 index ESU19, +0.19% gained 4.2 points, or 0.1%, at 3,016.25, while Nasdaq-100 futures NQU19, +0.38% climbed 25.75 points to reach 7,988, a gain of 0.3%.
