US stock futures were mixed ahead of a critical day for markets, with a Fed decision and earnings results from Microsoft (MSFT) and Alphabet (GOOG) on deck. Futures on the Dow Jones Industrial Average (YM=F) declined by 0.3%, while those on the S&P 500 (ES=F) traded above the flat line, and contracts for the tech-heavy Nasdaq-100 (NQ=F) rose 0.3%. Sentiment in the tech trade has markedly improved this week, with the S&P 500 and Nasdaq posting back-to-back gains. Semiconductor stocks drove the rally on Tuesday after Broadcom's CEO negotiated for a consortium of banks to announce a $63 billion financing structure for building AI compute capacity. Attention now turns toward the Federal Reserve's interest rate decision at 2 p.m.
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