The stock markets are bracing for a volatile day as losses in tech giants Apple and Nvidia might prevent broader gains. The focus shifts to the U.S. Federal Reserve's interest-rate decision. Meanwhile,

(Reuters) - Nasdaq futures inched higher on Wednesday as chip sector stocks gained after quarterly orders for semiconductor equipment maker ASML exceeded expectations, while investors awaited the Federal Reserve's interest-rate decision later in the day.

The Fed's first interest rate decision of the year is due at 2 p.m. ET, with markets widely expecting the central bank to hold its lending rate steady. "Market pricing has shifted significantly higher since the U.