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Dow futuresWall Street is waiting to hear about the outcome of Wednesday’s rally, which saw a jump in excess 350 points (or 1%) Federal ReserveThe afternoon was all about the tightening of its plans after its two day January meeting. Dow stock MicrosoftThe premarket jump of over 4% on earnings was a significant boost to overall sentiment, as volatility continues. S&P 500 and Nasdaq futures rose roughly 1.5% and more than 2%, respectively.

• It Dow Jones Industrial AverageOn Tuesday closed modestly lowerAnother volatile session saw intraday swings ranging from a drop of over 800 points to an advance of more than 220-points. The S&P 500 and the Nasdaq on Tuesday closed down more than 1% and over 2%. In a correction, the Nasdaq fell further.

It 30-year Treasury yieldThe benchmark yield, although it has been in a decline recently, rose to more than 1.79% on Wednesday morning. The benchmark yield reached 1.9%, a record high that was set back in January 2020. Inflation rising concerns and what the Fed will do to counter it will be front and centerThe central bank’s policy statement, which will be released at 2 pm, is a reminder for investors. ET. Jerome Powell, Fed Chairman, holds his news conference after the meeting at 2:20 p.m. ET. Fed officials expect to announce they will increase interest rates by near zero within March following the completion of bond-purchase tapering. This year, there will be four increases.

BoeingThe company took a $3.5B pretax charge for its 787 Dreamliners, after it was unable to deliver the aircraft to customers in the past 15 months due production delays. Before the bellBoeing said that the company generated positive cash flow for its fourth quarter. That milestone came earlier than predicted. The increase in 737 Max Max delivery numbers last year, after regulators lifted bans for the aircraft following two fatal accidents, drove it. Boeing posted a larger-than-expected loss in Q4 and missed revenue.

AT&TTuesday morning beat estimatesFourth-quarter adjusted earnings, revenue and revenues were boosted by Warner Media’s strong growth and HBO Max streaming service. Covid’s pandemic-triggered shifts in working, studying, and playing online has also contributed to strong demand for the company’s wireless services. AT&T hopes to close its deal to combine Warner Media and Discovery into a stand-alone company by mid-2022.

TeslaDow stock IntelLead the quarterly reports that will be released after the bell. Microsoft was the next to take over late Tuesday. This was the announcement by the tech giant. fiscal second-quarter earnings and revenueThey beat expectations. Microsoft gave a positive forecast for the next quarter. Cloud services revenues continue to show strong growth. Investors became increasingly interested in the gaming segment of Microsoft when Activision Blizzard, a maker of Call of Duty, announced its plans to purchase it for $68.7billion. Fiscal 2023 is the expected closing date for Microsoft’s largest ever deal over its 46-year legacy.

President Joe BidenHe will be meeting Wednesday with 10 CEOs from major corporations in order to discuss the possible benefits for business of the Build Back Better Act. This social safety net bill, which passed the House but was blocked in the Senate, is expected to meet personally. The Build Back Better Act is supported by all the CEOs who attended the meeting. according to a White House officialTo preview Tuesday’s event, who asked for anonymity to remain anonymous. Chief Executive Officers are among those expected to attend. General MotorsMary Barra FordJim Farley of SalesforceMarc Benioff of NBC and HP‘s Enrique Lores.

— Reuters contributed to this report. You can follow all market activity like a professional. CNBC Pro. Find the most recent information about the pandemic here CNBC’s coronavirus coverage.