On June 17, 2026, US stock futures showed steadiness with Nasdaq 100 climbing 0.5% while the S&P 500 remained stable ahead of the Federal Reserve's interest rate decision, marking the first under Chairman Kevin Warsh. The Dow Jones Industrial Average futures were unchanged after hitting a record high amid uncertainty surrounding a US-Iran peace deal. Investors anticipate the Fed to maintain current interest rates, monitoring Warsh's stance on monetary policy following recent hot inflation data and a stable job market. A draft interim agreement between the US and Iran is expected to be signed soon, although President Trump indicated the deal may not be final. Additionally, SpaceX shares rose about 2%, reflecting a strong post-IPO performance.

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LIVE Updated 13 mins ago

Stock market today: Nasdaq futures climb as Dow, S&P 500 stall ahead of Fed rate decision

Amalya Dubrovsky and Karen Friar

Updated Wed, June 17, 2026 at 7:30 AM EDT1 min read

US stock futures were mostly steady on Wednesday as techs eyed a rebound ahead of the Federal Reserve's interest-rate decision, the first under new Chairman Kevin Warsh.

Contracts on the tech-heavy Nasdaq 100 (NQ=F) climbed 0.5%, while those on the S&P 500 (ES=F) floated above the flat line. Dow Jones Industrial Average futures (YM=F) were also little changed after the blue-chip benchmark closed at a record high amid uncertainty around the US-Iran peace deal.

The Fed is widely expected to hold rates steady on Wednesday. As a result, investors will focus on discerning Warsh's view of monetary policy and whether rate hikes could be on the horizon. Hot inflation data amid the US war with Iran, combined with signs of a steady job market, has taken rate cuts off the table.

Investors are also debating whether the blocked oil flows through the Strait of Hormuz could be cleared quickly, as they weigh the US-Iran interim deal to end their conflict. After coming to terms on a draft 14-point memorandum, the two sides are aiming to formally sign an agreement on Friday.

But President Trump said the memo wasn't final and the US could "go right back to dropping bombs right smack in the middle of their head" if he didn't like it, speaking at the G7 summit on Wednesday.

Meanwhile, SpaceX ( SPCX) shares moved up around 2%, poised to extend a post-IPO rally that has seen the Elon Musk-led rocket company eclipse Amazon ( AMZN) in market value in just three days of trading.