Stock Market Today: Nasdaq 100 Set for Rebound as Investors Await Fed Meeting — Live Updates

Futures tied to the Nasdaq 100 are up after the tech-heavy Nasdaq composite stumbled yesterday. Elon Musk’s SpaceX rose premarket, putting the stock on track for a fourth day of gains after the company’s IPO last week.

Brent crude oil futures are hovering near $79 a barrel, their lowest level since the first few days of the Iran war. Still, assuming a deal to stop the fighting holds, oil exports and production will take months to recoverthe International Energy Agency said today.

The Fed is expected to keep rates steady when it announces its decision at 2 p.m. ET. Conversation at the central bank, however, is turning toward rate hikes rather than cuts, as my colleague Nick Timiraos reports.