India, July 30 -- Following the modest pullback seen in the previous session, stocks may show a lack of direction in early trading on Wednesday. The major index futures are currently pointing to a roughly flat open for the markets, with the S&P 500 futures up by just 0.1 percent.
Traders may be reluctant to make significant moves ahead of the Federal Reserve's monetary policy announcement this afternoon.
While the Fed is widely expected to leave interest rates unchanged, the announcement could impact the outlook for rates.
Investors are also looking ahead to the release of earnings news from Magnificent Seven members Microsoft (MSFT) and Meta Platforms (META) after the close of today's trading.
The Labor Department's monthly jobs report...