Here are 4 tips for today's trading. This will help you decide where you should invest and what to look for:
1) Fed Focus
Investors will be monitoring the Federal Reserve news conference at 2:00pm ET to gauge what Fed chair Janet Yellen is planning for monetary policy over the coming year.
The Fed previously reassured markets that any rate rise would be a "considerable time" away, but analysts say the language may be tweaked, despite the deflationary impact of plunging oil prices. The Fed has held its key short-term rate near zero since 2008.
2) Ready for a Rebound?
US stock futures are rising Wednesday, though the markets have been fickle lately, and CNNMoney's Fear & Greed index still shows investors are feeling fearful.
3) Ruble Steadying
The Russian ruble, which has plunged by over 50% since the start of the year, is rising by about 2% versus the U.S. dollar Wednesday.
The currency is stabilizing after enduring two consecutive days of heavy losses. Russian authorities are reportedly selling foreign exchange reserves.
4) International Markets Overview
All major European markets were declining in early trading.
Greece is voting for a new president Wednesday and Russian concerns are still top of mind, which has created a negative mood in Europe. Asian markets closed with mixed results.
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