"US Futures Rise in Anticipation of Fed's Decision: Stock Market Update"

Stock market indices rose as investors awaited the Federal Reserve's decision on interest rates. The Dow Jones Industrial Average and the S&P 500 both gained about 0.2%, while the tech-heavy Nasdaq Composite was up around 0.1%. Traders expect the Fed to hold rates steady but are focused on future rate hikes and the central bank's "dot plot" signaling. The recent rally in oil prices pulled back slightly, and concerns remain about prices potentially exceeding $100. Klaviyo is set to make its debut on the US IPO market, following recent debuts by Arm and Instacart. Bank of America has raised its year-end target for the S&P 500 to 4,600, reflecting about 3% upside from current levels. The Fed is expected to hold rates steady but may signal one more rate hike before an extended pause.