The Fed will cut interest rates for the third and final time this year

U.S. stock futures rose on Wednesday in anticipation of the Federal Reserve’s interest rate decision, scheduled to be announced at 2 p.m. ET.

S&P 500 futures rose about 0.29%, while Dow futures rose about 0.37% and Nasdaq futures rose 0.21%.

Markets slipped on Tuesday as the Dow extended its nine-day losing streak, its longest since 1978. The blue-chip index fell 267 points, or 0.61%, in a day, extending its slide largely driven by the decline of UnitedHealth shares.

The S&P 500 and Nasdaq also fell on Tuesday, with the S&P falling 0.39% and the tech-heavy index closing 0.32% lower.

Tuesday’s market decline was a blip compared to last year’s gains. US stocks have been on the rise since President-elect Donald Trump’s victory in the US presidential election.

The Nasdaq topped 20,000 for the first time last week and hit a record high on Monday before sliding on Tuesday. The Nasdaq is up about 35% this year.

The S&P 500 is up over 28% this year and broke above 6,000 for the first time on November 8th. And while the Dow has been on a losing streak lately, the blue-chip index is up over 17% this year.

The US dollar remained broadly unchanged and Treasury yields rose slightly.

Bitcoin fell to just under $105,000 after hitting a record high above $107,000 on Monday.

The Federal Reserve’s interest rate decision is the focus of Wall Street today. Investors will also pay attention to the Fed’s quarterly economic forecast summary, which details its expectations for rate cuts next year.