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Market Snapshot: U.S. stock futures advance as market waits for Fed decision, earnings rush

U.S. stock-market indexes advanced modestly to set a round of records Wednesday as traders welcomed another round of upbeat earnings reports from companies such as Boeing Co. and AT&T Inc.

But gains were somewhat limited as investors awaited signals from the Federal Reserve, which is expected to leave rates unchanged at the end of its two-day policy meeting but may provide clues to the path of future rate increases and its plan to begin unwinding its balance sheet.

The S&P 500 SPX, +0.16% was up 2 points, or 0.1%, to 2,478, with seven of its 11 main sectors trading higher.

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