U.S. Stock Futures Are Almost Flat, Awaiting The Fed

US stock futures were almost flat in morning trading on Wednesday as investors awaited a decision from the Federal Reserve on its move to start tapering, and the Dow Jones Industrial Average futures fell 51 points. S&P 500 futures were flat, Nasdaq 100 futures rose slightly, and the three major averages closed at record levels on Tuesday.

Investors are focused on the Federal Reserve, which is expected to announce the timetable for a phased reduction of its bond-buying program on Wednesday at the conclusion of its two-day meeting, and they will also hear clues about when the central bank plans to raise interest rates.