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Futures: Dow down 0.02%, S&P 500 up 0.05%, Nasdaq up 0.11%

July 30 (Reuters) - U.S. stock index futures largely

held steady on Wednesday, as investors geared up for key

economic data, the Federal Reserve's monetary policy decision

and earnings from Wall Street's technology giants.

At 05:53 a.m. ET, S&P 500 E-minis were up 3 points,

or 0.05%, Nasdaq 100 E-minis were up 26.5 points, or

0.11%, and Dow E-minis were down 9 points, or 0.02%.

The S&P 500 and Nasdaq snapped their record run on Tuesday

due to disappointing results from Dow components such as

UnitedHealth ( UNH ) and Merck ( MRK ).

Investors are now pinning their hopes on results from

megacap companies to steer the market to new highs. Microsoft ( MSFT )

and Meta Platforms ( META ) will report their results

after the market closes, while Amazon ( AMZN ) and Apple ( AAPL )

will report on Thursday.

Shares of Starbucks ( SBUX ) jumped 4.6% in premarket

trading after the coffee chain operator reported a

higher-than-expected revenue jump in the third quarter.

Global payments processing company Visa fell 2%,

despite beating estimates for third-quarter earnings, as it kept

its annual net revenue growth forecast unchanged.

Meanwhile, two days of U.S.-China negotiations ended in both

sides agreeing to seek an extension of their 90-day tariff

truce, which expires on August 12. U.S. officials said it would

be up to President Donald Trump to approve the extension.

South Korea was also lobbying to secure a trade deal ahead

of Trump's August 1 deadline as its officials met U.S. Commerce

Secretary Howard Lutnick in Washington.

The European Union on Sunday joined the list of U.S. trading

partners that have struck agreements with Washington. Its

framework deal with the U.S. halves import duties to 15% for the

bloc.

A key highlight for the day will be the Fed's interest rate

decision. With the central bank expected to keep rates

unchanged, attention will turn to Chair Jerome Powell's remarks

for clues about future policy moves.

The meeting comes in the wake of Trump's persistent attacks

on Powell for not lowering rates. The central bank has

frequently stated its need to assess the impact of tariffs on

inflation before cutting borrowing costs.

A deluge of data reports expected later in the day will be

crucial for gauging the economy's health and labor market

resilience amid heightened trade uncertainties.

Early reading of Q2 U.S. gross domestic product (GDP) is due

at 8:30 a.m. A Reuters survey is estimated to forecast GDP

likely increased at a 2.4% annualized rate in the second

quarter, after declining at a 0.5% pace in the first quarter.

July private payrolls data is also in the day.

(Reporting by Nikhil Sharma in Bengaluru; Editing by Shinjini

Ganguli)