Wall Street futures pointed moderately higher pre-bell Wednesday, as oil prices steadied well under $80 a barrel and traders awaited clarity on the pending Tehran-Washington peace agreement.
In the futures, the S&P 500 rose 0.1%, the Nasdaq inclined 0.5% and the Dow Jones, having closed at an all-time zenith on Tuesday, paused near neutral.
West Texas Intermediate crude oil inched up 0.5% to $76.41 a barrel, in morning hours.
Investors also await the 2 pm ET rate announcement from the Federal Reserve, followed by new Fed Chair Kevin Warsh's first press conference at 2:30 pm.
While the market expects no rate change from the central bank, Warsh's commentary will be watched closely for clues to possible future stances.
In addition, the Fed will release its updated projections for the economy, along with its "dot plot" interest rate forecasts.
The national retail sales figures for May will post at 8:30 am ET in Washington, providing a window into consumer behavior in the face of higher energy bills.
Asian exchanges traded mostly higher overnight, with Tokyo's Nikkei 225 striking a fresh all-time high. European bourses tracked moderately north midday on the continent.
On the economic calendar, in addition to the Fed rate announcement and the retail sales release, the business inventories report for April, the pending homes sales index for May, and the Atlanta Fed Business Inflation Expectations report for June post at 10 am.
The weekly EIA petroleum status report logs at 10:30 am.
In premarket action, Bitcoin traded at $64,899, and 10-year US Treasuries offered 4.43%. Spot gold commanded $4,328 an ounce.