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Futures up: Dow 0.03%, S&P 500 up 0.1%, Nasdaq up 0.2%

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Humana up after raising annual profit forecast

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Visa falls after leaving full-year forecasts unchanged

(Updates with prices, analyst comment before the opening bell)

By Nikhil Sharma and Pranav Kashyap

July 30 (Reuters) - Wall Street was set for a steady

open on Wednesday, as investors assessed better-than-expected

GDP data, and awaited the Federal Reserve's policy decision and

key tech earnings.

Gross domestic product increased at a 3% annualized rate in

the second quarter, helped by subsiding imports, which accounted

for the bulk of the improvement, and a moderate increase in

consumer spending.

"The market's taking some reassurance from the headline

number, but the more you dig into it, the more concerned that

you get," said Ben Laidler, head of equity strategy at Bradesco

BBI.

"It puts the Fed in a tougher position with the rise coming

in higher than expected. There's a huge amount of tariff noise

in this reading."

The ADP National Employment Report, which comes ahead of

Friday's nonfarm payrolls, showed private payrolls rose 104,000

in July, compared with estimates for an increase of 75,000.

At 08:40 a.m. ET, Dow E-minis were up 12 points, or

0.03%, Nasdaq 100 E-minis were up 46.75 points, or 0.2%,

S&P 500 E-minis were up 6.5 points, or 0.1%.

While the market remained mostly steady, caution emerged

after President Donald Trump announced a 25% tariff on goods

imported from India starting from August 1.

Trump stands firm that the deadline approaching on Friday

will not be extended for any trading partner that still does not

have a deal in place.

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.

On Tuesday, the S&P 500 and the Nasdaq snapped their record

run due to disappointing results from Dow components

UnitedHealth ( UNH ) and Merck ( MRK ).

Investors are now placing their bets on results from

megacaps to steer Wall Street 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 5.4% 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 2.3%,

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

its annual net revenue growth forecast unchanged.

Investors will also closely monitor the Fed's interest rate

decision later in the day. While a "hold" verdict has largely

been priced in, attention will shift to Chair Jerome Powell's

comments for any clues about the future policy path.

The meeting comes amid mounting political pressure from the

White House to lower rates, despite Powell's stance to first

assess the impact of tariffs on inflation before making any such

move.

Among other earnings moves, Humana gained 10% after

the health insurer raised its annual profit forecast.

(Reporting by Nikhil Sharma and Pranav Kashyap in Bengaluru;

Editing by Shinjini Ganguli)