(For a Reuters live blog on U.S., UK and European stock

markets, click/ or type LIVE/ in a news window.)

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F5 rises on upbeat Q2 revenue forecast

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Qorvo ( QRVO ) falls on sequential drop in revenue

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Danaher ( DHR ) falls after fourth-quarter results

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Futures up: Dow 0.03%, S&P 500 0.14%, Nasdaq 0.46%

(Updates with results from Danaher ( DHR ))

By Shashwat Chauhan and Sukriti Gupta

Jan 29 (Reuters) - Nasdaq futures inched higher on

Wednesday as chip sector stocks gained after quarterly orders

for semiconductor equipment maker ASML exceeded expectations,

while investors awaited the Federal Reserve's interest-rate

decision later in the day.

Markets widely expecting the central bank to hold its

lending rate steady in its decision due at 2 p.m. ET.

"Market pricing has shifted significantly higher since the

U.S. presidential election and indicates basically zero percent

probability of a cut today," said Amanda Sundström, FX & FI

strategist at SEB.

Markets have been on edge due to worries around President

Donald Trump's proposed tariffs, which could exacerbate

inflationary pressures and slow rate cuts.

White House press secretary Karoline Leavitt said on Tuesday

that Trump still plans to make good on his promise to issue

tariffs on Canada and Mexico on Saturday.

The December reading of the personal consumption

expenditures price index, a crucial metric in assessing the

inflation trajectory, is due on Friday.

Point72 Asset Management's founder Steven Cohen said he

expects the stock market to reach a peak soon amid inflation

pressure and uncertainties around Trump's policies on tariffs

and immigration.

On Wednesday, UPS and T-Mobile US ( TMUS ) are some

of the companies set to report quarterly earnings before the

bell.

Earnings from "Magnificent 7" members Microsoft ( MSFT ),

Facebook-parent Meta and Tesla are expected

after markets close. Apple ( AAPL ) will also report quarterly

numbers later this week.

Meanwhile, shares of semiconductor firms and related

equipment makers advanced in premarket trading after Dutch firm

ASML reported fourth-quarter bookings of 7.09 billion

euros ($7.39 billion), a number that far exceeded expectations.

KLA Corp ( KLAC ), Applied Materials ( AMAT ), Lam Research ( LRCX )

and Micron Technology ( MU ) advanced between 2.6% and

4.7%.

At 06:59 a.m. ET, Dow E-minis were up 14 points, or

0.03%, S&P 500 E-minis were up 8.25 points, or 0.14%,

and Nasdaq 100 E-minis were up 100 points, or 0.46%.

The Nasdaq jumped 2% in the last session, while the

S&P 500 rose close to 1%, as Nvidia ( NVDA ) and other

artificial intelligence-linked tech shares recovered somewhat

from the steep losses earlier this week.

Nvidia ( NVDA ) edged 0.4% lower after gaining close to 9%

on Tuesday. Its shares were hammered on Monday after Chinese

startup DeepSeek launched an AI model it said was cost-effective

and ran on less-advanced chips.

Among other stocks, cybersecurity and cloud services firm F5

jumped 13.9% after forecasting second-quarter revenue

above estimates and beating first-quarter revenue estimates.

Chipmaker Qorvo lost 5.1% after reporting lower

third-quarter revenue.

Danaher ( DHR ) fell 4.8% after the life sciences company

reported fourth-quarter adjusted profit below estimates and said

it expects first-quarter 2025 adjusted core revenue to decline.