US stock futures moved modestly higher on Wednesday as investors turned their focus to a fresh batch of big tech earnings and the upcoming Federal Reserve policy announcement. Results due later in the day from Alphabet, Amazon, Meta Platforms, and Microsoft are expected to offer further clarity on the returns from their heavy artificial intelligence spending. In extended trading, shares of Starbucks, NXP Semiconductors, and Seagate Technology jumped on strong quarterly results, while Robinhood slid more than 9% after reporting weaker-than-expected Q1 earnings. During Tuesday’s regular session, the S&P 500 and Nasdaq Composite fell 0.49% and 0.9%, respectively, while the Dow dipped 0.05%. Technology stocks led the declines following reports that OpenAI recently fell short of its own revenue and user growth targets. Meanwhile, the Fed is widely anticipated to keep its policy rate unchanged, in what is likely to be Chair Jerome Powell’s final meeting before his term concludes in May.