07:42 AM EDT, 05/28/2025 (MT Newswires) -- US equity futures were mostly pointing higher on Wednesday as investors await the latest financial results of tech bellwether Nvidia ( NVDA ) and minutes of the Federal Reserve's last policy meeting.

The S&P 500 was slightly in the green and the Nasdaq added 0.1% in premarket activity, while the Dow Jones Industrial Average nudged down 0.1%. The indexes closed the previous trading session higher, with the S&P 500 and the Dow recording their first gains in five days.

Shares of Nvidia ( NVDA ) were up 0.6% pre-bell, with the chipmaking giant scheduled to report its quarterly earnings after the markets close, along with Salesforce ( CRM ) , Synopsys ( SNPS ) , HP (HPQ), Nordson ( NDSN ) and SentinelOne ( S ) . Dick's Sporting Goods (DKS), Abercrombie & Fitch ( ANF ) and Macy's (M) are among the companies releasing their latest financials before the bell.

Okta ( OKTA ) shares slid 13% as the cloud-based access management platform firm reiterated its full-year revenue outlook and flagged potential risks related to macroeconomic uncertainties.

The Federal Reserve is scheduled to post minutes of its last policy session at 2 pm ET, which will be assessed for clues on the central bank's monetary policy. Earlier in May, the Fed left its benchmark lending rate unchanged and warned that upside risks to inflation and unemployment have increased.

Wednesday's economic calendar also has the weekly mortgage applications bulletin and the Richmond Fed manufacturing index for the current month.

Consumer confidence in the US rebounded by more than Wall Street's expectations in May as easing trade tensions between the US and China helped lift sentiment, the Conference Board reported Tuesday. About half of the survey responses were received before Washington's May 12 pact with Beijing to suspend most levies on each other's goods for 90 days.

President Donald Trump recently agreed to extend his 50% tariff deadline for the European Union to July 9, following a request by European Commission President Ursula von der Leyen.

US Treasury yields were up in premarket action, with the two-year rate rising 1.8 basis points to 3.97% and the 10-year rate advancing 4.1 basis points to 4.48%.

West Texas Intermediate crude oil inclined 1% to $61.50 a barrel before the opening bell, as markets await a meeting of the Organization of the Petroleum Exporting Countries and its allies, or the OPEC+.

Gold moved 0.5% higher to $3,315 per troy ounce, while bitcoin declined 0.9% to $108,831.