US stock futures ( ES=F , NQ=F , YM=F ) are mixed Wednesday morning ahead of Big Tech earnings expected out from Meta Platforms ( META ), Microsoft ( MSFT ), Tesla ( TSLA ), and IBM ( IBM ) after the closing bell.

The Federal Reserve is also in focus with the central bank's January FOMC meeting to conclude with a decision on interest rates later today , followed by a press conference with Fed Chair Jerome Powell.

Lastly, ASML ( ASML ) moves higher in pre-market trading and gained back ground since the Chinese AI model DeepSeek fueled a sell-off in the chipmaker.

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This post was written by Luke Carberry Mogan .