U.S. stock futures rose Wednesday as investors looked ahead to the Federal Reserve's latest policy decision.
Futures for the Dow Jones Industrials grabbed 21 points, or 0.1%, at 33,793.
Futures for the S&P 500 added seven points, or 0.2%, to 4,143.75.
Futures for the NASDAQ Composite took on 32.5 points, or 0.3%, to 13,217.
Ford Motor beat analysts' expectations on the top and bottom lines in its latest quarter, as did coffee chain Starbucks. However, both stocks declined in the premarket.
The Fed is scheduled to release its latest policy announcement at 2 p.m. ET. Chair Jerome Powell is also set to hold a news conference at 2:30 p.m. ET.
Data from the CME Group's FedWatch tool shows traders are pricing in an 86% chance the Fed raises rates by 25 basis points. Wall Street will also look for clues on whether the central bank will continue its rate hiking campaign, or if it will pause increases.
Corporate earnings season continues with CVS Health, Yum Brands and Spirit AeroSystems reporting results Wednesday before the open.
On the economic front, traders are anticipating the latest ADP jobs data for April. Economists polled by Dow Jones expect a rise of 133,000 jobs last month.
The S&P Global U.S. Services PMI data for April is also due. It's expected to show a reading at 53.7 last month, which is in line with the prior month. April's ISM non-manufacturing PMI data is forecasted to show 51.8, according to Dow Jones consensus estimates. That's higher than the 51.2 reading from the previous month.
Markets in Japan were closed for holiday Wednesday, while in Hong Kong, the Hang Seng stepped back 1.2%.
Oil prices declined $2.11 to $69.55 U.S. a barrel.
Gold prices jumped $1.40 to $2,024.70 U.S. an ounce.