US equity futures climb as crude oil prices retreat 2% following an unexpected inventory build, while investors brace for the Federal Reserve's monetary policy announcement.
US stock index futures pointed to a higher opening, indicating a rebound for the Dow Jones after two sessions of losses.
S&P 500 futures rose, recovering from the index's lowest closing level in over a month.
Nasdaq Composite futures also pointed higher, following a 0.8% decline in the prior session.
US crude oil futures fell nearly 2% after an unexpected build in inventories reported by the API.
The 10-year Treasury yield reached its highest intraday level since July 2007, pressuring bond prices.
The Dow Jones US Retail Index fell 2% to its lowest closing level in over a month, reflecting sector weakness.
The NYSE Arca Airline Index lost 1.9% as higher crude oil prices raised fuel cost concerns.
US stock index futures point to a higher opening, signaling a potential rebound for the Dow, S&P 500, and Nasdaq after two sessions of losses. Investors are closely monitoring the Federal Reserve's upcoming interest rate decision, with markets pricing in a 92.7% probability of a 25-basis-point hike.
Analysts suggest that a 5% yield on low-risk government bonds serves as a psychological threshold that may prompt investors to rotate out of riskier equities.