Stock futures were higher on Wednesday, led by tech as traders awaited the release of the minutes from the Federal Reserve’s most recent policy meeting. Futures tied to the Dow Jones Industrial Average rose 95 points, or 0.2%. S&P 500 futures climbed 0.4%, while Nasdaq 100 futures advanced 0.5%. Nvidia shares gained 2% in the premarket on the heels of Meta announcing Tuesday that it’s going to use millions of Nvidia’s chips in its data center buildout. Additionally, fellow “Magnificent Seven” member Amazon rose around 1% after regulatory filings showed Bill Ackman’s Pershing Square grew its stake in the e-commerce giant by 65% during the fourth quarter. That makes Amazon the fund’s third-largest holding. The move comes after the stock snapped a nine-day losing streak. Micron Technology also saw gains after David Tepper’s Appaloosa Management increased its holdings in the chipmaker. Wall Street is coming off a muted session, with the major averages eking out small gains. The software sector, which has already been under pressure due to fears of disruption by artificial intelligence, fell during the session. “No one knows exactly how this is going to play out,” Truist Wealth’s Keith Lerner said of the tech pullback on CNBC’s “Closing Bell” Tuesday. “From our perspective, though, at least you have reset those expectations where if earnings do come through, a little bit of good news can go a long way,” “As we look at the forward earning estimates among the sectors, tech, by far, is still the strongest, over the last four months, up about 20%. … We still think it deserves the benefit of the doubt,” the firm’s chief market strategist added. Traders are also watching for the minutes from the Fed’s January meeting. The next big catalyst this week, however, will likely be the personal consumption expenditure price index reading that’s due on Friday. The PCE, the Fed’s preferred inflation gauge, will give further insight into the state of the economy. Markets are “likely in a semi-holding pattern” ahead of the report, especially as the artificial intelligence trade becomes increasingly difficult to navigate, according to Ameriprise chief market strategist Anthony Saglimbene. U.S. Treasury yields edged higher on Wednesday as investors anticipated the Federal Reserve’s meeting minutes and key inflation data. The 10-year Treasury yield rose more than 1 basis point to 4.067%, and the 30-year Treasury bond yield was up less than 1 basis point to 4.689%. The 2-year Treasury note yield was more than 1 basis point higher at 3.453%. Asian stocks pushed higher on Wednesday despite the renewed artificial intelligence worries gripping international markets, while oil prices were under pressure after Iran touted progress in nuclear negotiations with the United States. The New Zealand dollar sank after the central bank said monetary policy needs to remain accommodative for some time to support the economic recovery. Japan’s benchmark Nikkei 225 index rose 0.93% to 57,090.14, poised to snap a three-day skid, while Australia’s S&P/ASX200 was up 0.5%. Mainland China, Hong Kong, Singapore, Taiwan and South Korean were among markets closed for Lunar New Year holidays. Oil prices gained over 1% on Wednesday after falling in ​the previous session as investors assessed developments ​in Russia-Ukraine and U.S.–Iran ​talks. Brent crude oil futures rose 78 cents or 1.2% to $68.20 a barrel, while U.S. West Texas Intermediate (WTI) crude was up 73 cents or 1.2% at $63.06. Keeping a risk premium on prices was the abrupt end ⁠of ‌peace talks between Ukraine and Russia in Geneva on Wednesday after only ⁠two hours. Ukrainian President Volodymyr Zelenskiy said that the discussions had been difficult and accused Russia of deliberately seeking to delay progress toward a deal to end the four-year-old war. Gold prices rose more than 1% from a one-week low the previous session as ​investors awaited the minutes of ​January’s U.S. ​Federal Reserve meeting due later on Wednesday. Spot gold rose 0.8% to $4,915.90 per ounce by 0914 GMT, after gaining more than 1% earlier. U.S. gold futures for ⁠April ‌delivery gained 0.6% to $4,936.30. Prices falling below $4,900 “has ⁠created some opportunistic buying in the market,” said Bernard Dahdah, an analyst at Natixis, adding that investors are positioning themselves ahead of the release of January’s Fed minutes.