Nasdaq futures climbed on Wednesday following a strong report from ASML, whose orders exceeded analysts’ expectations. Investors await the Federal Reserve’s interest rate decision, which is expected to remain unchanged.

The market is also concerned about Donald Trump’s trade policies. The White House confirmed that new tariffs on goods from Canada and Mexico will take effect on Saturday, potentially increasing inflationary pressures.

In the previous session, Nasdaq gained 2% and the S&P 500 rose 1%, driven by a rebound in Nvidia shares. In premarket trading, semiconductor stocks continued to rise after ASML reported orders of €7.09 billion ($7.39 billion), boosting KLA Corp, Applied Materials, Lam Research, and Micron Technology by 4%.

Nvidia shares edged up 0.2% after a 9% surge the previous day. F5 shares jumped 15.4% on strong earnings, while Qorvo fell 4.1% after reporting lower revenue.

At 04:41 ET, Dow futures were down 63 points (-0.14%), S&P 500 futures added 1.5 points (+0.02%), and Nasdaq 100 futures gained 67.25 points (+0.32%).