Following the sell-off seen in the previous session, stocks may move back to the upside in early trading on Wednesday. The major index futures are currently pointing to a modestly higher open for the markets, with the S&P 500 futures up by 0.2 percent.
Traders may look to pick up stocks at reduced levels on the heels of the steep drop seen on Tuesday, although trading activity may be subdued ahead of the Federal Reserve's highly anticipated monetary policy announcement this afternoon.
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