Major U.S. equity benchmarks trade higher as investors buy the dip, shrugging off recent volatility driven by surging oil prices and geopolitical supply concerns in the Middle East.
Oil prices jumped to multi-month highs due to Houthi disruptions to Saudi crude supply.
S&P 500 futures are rising as investors buy the dip ahead of the Fed decision.
Nasdaq 100 futures are climbing as tech stocks rebound.
Dow Jones futures are ticking up as blue-chip stocks recover.
U.S. stock futures climbed on Wednesday as market participants sought value following the previous session's losses. The S&P 500, Nasdaq 100, and Dow Jones Industrial Average all posted gains as investors positioned themselves ahead of the upcoming Federal Reserve policy announcement.
Oil prices reached multi-month highs due to concerns regarding Houthi disruptions to crude supply originating from Saudi Arabia.