Investing.com - Nasdaq and S&P 500 futures ticked up on Wednesday, after stock markets stabilized in the prior session in the wake of sharp declines earlier in the week that were inspired by a new Chinese AI model.

By Nikhil Sharma (Reuters) -European shares hit a record high on Wednesday, as chip equipment maker ASML led technology stocks higher after reporting strong quarterly results. The pan-European STOXX 600 was up 0.

European stocks are expected to open in mixed territory Wednesday as global market jitters over AI tech rivalry between the U.S. and China eases.

US stock futures and European equities advanced, following Wall Street’s rebound from a global market selloff as focus turns to the Federal Reserve’s interest-rate decision and US tech earnings.

The US Federal Reserve decided to hold its key interest rate steady on Wednesday (January 29), maintaining it in the range of 4.25%-4.5%. The decision by the central bank’s Federal Open Market Committee (FOMC) came as anticipated,

The stock markets are bracing for a volatile day as losses in tech giants Apple and Nvidia might prevent broader gains. The focus shifts to the U.S. Federal Reserve's interest-rate decision. Meanwhile,

US stock futures and European equities advanced, following Wall Street’s rebound from a global market selloff as focus turns to the Federal Reserve’s interest-rate decision and US tech earnings.

Reuters, the news and media division of Thomson Reuters, is the world’s largest multimedia news provider, reaching billions of people worldwide every day. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers.

Fed rate decision, stock market updates: Dow, Nasdaq, S&P 500 slip, Nvidia falls as Fed leaves rates unchanged Tech stocks led markets lower on Wednesday as the broader mood stayed muted after the Federal Reserve's latest interest rate decision saw the central bank keep rates unchanged in a range of 4.25%-4.5%.

By holding rates steady at 4.25% to 4.5%, the Fed may be setting the stage for a prolonged wait-and-see approach—monitoring inflation’s trajectory and awaiting clarity on Trump’s trade and immigration plans.