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Market Snapshot: Stocks poised to tread water ahead of Apple event, Fed beige book

U.S. stock futures on Wednesday were dipping in and out of negative territory as the market braced for a duo of Federal Reserve speakers and a key report on economic conditions, which could help gauge the Fed’s next steps on U.S. interest rates.

Investors also were eagerly awaiting a product announcement from Apple Inc. later in the day, where the tech giant is expected to unveil an update to its iPhone roster.

Futures for the Dow Jones Industrial Average YMU6, -0.01% were down 4 points, or less than 0.1%, to 18,518, while those for the S&P 500 index ESU6, -0.06% shed 2 points, or 0.1%, to 2,183.

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