Tech stocks are positioned for a rebound while the Dow industrials appears set to extend gains after closing at a record high yesterday. Futures contracts for all three major indices are trading in positive territory ahead of the Federal Reserve's policy announcement—the first under Chairman Kevin Warsh.

Market participants widely expect the central bank to maintain current interest rates, though persistent inflationary pressures have shifted the conversation toward potential future hikes. The Fed's messaging on inflation trajectory will likely drive trading direction in the days ahead.

SpaceX shares climbed another 2% during after-hours trading, adding to recent gains. Meanwhile, Brent crude oil futures have slipped back toward $78 per barrel, reflecting mixed sentiment in energy markets ahead of the policy decision.

The Fed's first major policy meeting under new leadership sets the stage for renewed focus on monetary strategy. Investors are parsing every signal for clues about when tightening might resume, making this one of the most scrutinized rate decisions in recent memory.