US Index Futures Rise, Eyes on Fed Meeting

US Dow Jones futures rose more than 300 points as Wall Street attempts to rally for the second day in a row, despite the US Federal Reserve meeting tonight.

Dow Jones Industrial Average futures rose 359 points, or 1.1%, while S&P 500 futures rose 1.2%. Nasdaq 100 futures jumped 2%.

The Fed is expected to issue a decision to raise interest rates at its meeting today to combat the inflation that the world is witnessing in the current period.