Wall St eyes higher open on upbeat results ahead of Fed decision

Published by
Reuters

By Devik Jain (Reuters) -U.S. stocks were set to open higher on Wednesday following positive earnings from companies including Starbucks and Advanced Micro Devices, while investors braced for the biggest U.S. interest rate hike since May 2000. Advanced Micro Devices Inc rose 6.7% in premarket trading after the chipmaker forecast stronger-than-expected full-year and second-quarter revenue on data center boom. Rival Nvidia Corp added 1.8%. Starbucks Corp gained 6.8% after the coffee chain posted upbeat quarterly revenue. Moderna Inc climbed 6.1% after the drugmaker forecast higher COVID-19 vacci…

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