Stocks Higher Wednesday on Stimulus Hopes Wednesday, December 16, 2020 8:20 AM |

First Look Futures are pointed toward a higher open Wednesday. The Federal Reserve is scheduled to announce the results of its latest policy meeting this afternoon.

No changes to current policy are expected, although a surprise in forward guidance is expected.

Traders are continuing to become more optimistic that an economic stimulus deal will be met after leaders from both parties met to negotiate last night.

Lastly, U.S. retail sales are expected to show a contraction of 0.3% when the data is released at 8:30 a.m.

The Dow Jones is up 0.23%, the S&P is up 0.22%, the Nasdaq is up 0.13%.

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