Nasdaq futures inched higher on Wednesday as chip sector stocks gained after quarterly orders for semiconductor equipment maker ASML exceeded expectations, while investors awaited the Federal Reserve's interest-rate decision later in the day.

Stock futures were near the flatline on Tuesday evening as investors turned toward the first Federal Reserve interest rate decision of 2025. Futures tied to the Dow Jones Industrial Average inched down 11 points, or 0.02%. Nasdaq 100 futures were 0.06% higher, while S&P 500 futures were flat.

U.S. stocks slipped after the Federal Reserve held its main interest rate steady and broke a run of cuts that began in September