REUTERS: Wall Street's main indexes were set to eke out gains at open on Wednesday, as investors cautiously waited for more clarity on the Federal Reserve's monetary policy outlook for the year, while trade worries still lingered.
"It's a Fed day and investors will scrutinize its communiqué with two key factors — the duration of patience and the overall outlook on the economy," said Peter Cardillo, chief market economist at Spartan Capital Securities in New York. Citigroup Inc dipped 0.2 percent in premarket trade, while Bank of America Corp edged down 0.1 percent.Optimism that the Fed will remain patient in raising borrowing costs and hopes that United States and China will resolve their trade spat helped U.S. stocks erase most of their losses from late last year.
At 8:13 a.m. ET, Dow e-minis were up 0.12 percent. S&P 500 e-minis were up 0.07 percent and Nasdaq 100 e-minis were up 0.10 percent.