By Oliver Gray
Investing.com - U.S. stock futures were trading steady during Tuesday’s evening deals after major benchmark averages snapped two consecutive sessions of declines as cooling CPI data fueled risk appetites ahead of the Federal Reserve’s latest interest rate decision set for release later in the session.
By 18:35 ET (23:35 GMT) Dow Jones Futures and S&P 500 Futures were trading 0.1% lower, while Nasdaq 100 Futures ticked 0.1% higher.
In extended deals, ABM Industries (NYSE:ABM) fell 4.3% after reporting Q4 EPS of $0.89 versus $0.88 expected on revenue of $2 billion versus $1.96B expected.
Braze Inc (NASDAQ:BRZE) was down 4.8% after the company reported Q3 losses of $0.15 per share versus expected losses of $0.22 per share. Revenue was reported at $93.1 million versus $90.6M.
Ahead in Wednesday's session, investors will be focusing on the Federal Reserve’s interest rate decision and statement, amid expectations of a 50 basis point increase following four consecutive 75 basis point hikes.
During Tuesday’s regular trade, the Dow Jones Industrial Average added 103.6 points or 0.3% to 34,108.7, the S&P 500 gained 29.1 points or 0.7% to 4,019.6 and the NASDAQ Composite lifted 113.1 points or 1% to 11,256.8.
On the data front, CPI data came in lower than expected, falling to 7.1% on an annualized basis while monthly core CPI fell to 0.2%.
On the bond markets, United States 10-Year rates were at 3.501%.