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U.S. stock futures were fluctuating on Wednesday following Tuesday’s advance. Futures of major benchmark indices were mixed.

President Donald Trump hinted that he expects to lower fentanyl-linked tariffs on China, a potential major concession ahead of a high-stakes meeting with Chinese President Xi Jinping in South Korea this week.

Investors await the Federal Reserve Open Market Committee decision to cut interest rates by 25 basis points on Wednesday afternoon. The CME Group's FedWatch tool’s projections show markets pricing a 99.9% likelihood of the Federal Reserve cutting the current interest rates later today.

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00:00all right futures are green here ahead of wednesday's open in the fomc meeting
00:11s&p 500 futures up 0.26 percent ahead of the open dow futures up 0.13 percent and the nasdaq
00:18up 0.43 percent so green arrows across the board ahead of the open here but that's likely to change
00:25when we actually do open let's go ahead and take a look at some cues from the last session
00:31sectors gaining on tuesday included consumer discretionary and information technology
00:38which bucked an otherwise negative market trend real estate utilities energy stocks recorded
00:44the biggest losses as most s&p 500 sectors fell president trump hinted that he expects to lower
00:52fentanyl linked tariffs on china a potential major concession ahead of a high stakes meeting with
00:59chinese president xi jinping in south korea this week investors await the federal reserve open
01:05market committee decision to cut interest rates by 25 basis points on wednesday afternoon the cme group's
01:11fed watch tool projections show markets are pricing in a 99.9 percent likelihood of the federal reserve
01:18cutting the current interest rate later today meanwhile microsoft alphabet and meta are all
01:25slated to report quarterly earnings after the closing bell here today additionally the 10-year
01:30treasury bond dipped below four percent yielding 3.99 percent and the two-year bond was at 3.5 percent
01:38we do have some stocks in focus here today some of them are going to be the big earnings reports that
01:43we're waiting on later today alphabet that rose 0.67 percent in pre-market on wednesday as analysts
01:50expect it to report earnings of 232 per share on revenue of 99.64 billion after the closing bell here today
01:58meta is our second stock on the list that was up 0.47 percent ahead of its earnings slated to be released
02:04after the closing bell analysts expect 811 per share eps on revenue of 57.21 billion for the quarter
02:12microsoft rounds out our list of stocks that's looking to report after the bell here today they
02:18advanced 0.39 percent and are looking for 297 per share on 10.61 billion dollars of revenue
02:26teradyne ticker ter this is also on our list here today teradyne surged 20.91 percent after the chip
02:35testing equipment provider delivered better than expected third quarter earnings along with a robust
02:41outlook this is interesting here right chip testing equipment provider this is our picks and shovels play
02:47for the semiconductor industry they surged 20.91 percent eps of 85 cent beat the 79 cent estimate
02:55and sales of 769.2 million beat the estimate of 743.77 million seagate technology rounds out our
03:06complete list here that's ticker stx shares climbed 7.17 percent after the company released its first
03:12quarter earnings report beating expectations on the top and bottom lines seagate had an eps of 261 which
03:19beat the 237 estimate and sales of 2.629 billion which beat the estimate of 2.545 billion
03:27dollar net channel
03:41you
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