Stock Market Rises as Investors Await Fed's Preferred Inflation Gauge

The stock market is expected to open in the green on Wednesday, with futures of the Dow Jones, S&P 500, and Nasdaq 100 indices rising. This follows Tuesday's lower close.

Investors are awaiting the latest Personal Consumption Expenditures (PCE) price index data, which will provide clues about the Federal Reserve's next move. The PCE is the central bank's preferred inflation gauge.

FingerMotion Inc., or FNGR, surged by 28.32% in premarket trading after it announced plans to acquire Newbit Technology. However, Benzinga's Edge Stock Rankings indicate that FNGR maintains a weak price trend in all time frames.