S&P 500, Dow Jones, Nasdaq, Russell 2000 set to close September on positive note as Fed rate-hike odds drop

U.S. stock futures pointed to a positive open on Wednesday as investors looked to close the month on a firm note, following a decline in major indexes on Tuesday pressured by rising Treasury yields. Traders reduced bets on a Federal Reserve rate hike in October to roughly 50-50 odds, down from nearly 70% earlier, after New York Fed President John Williams said he sees no urgency for further action. The S&P 500 fell 0.2% Tuesday, while the 10-year Treasury yield hit a 24-year high of 5.25%. Investors remain cautious ahead of Wednesday's personal consumption expenditures price index and the monthly jobs report due later this week. Oil prices fell but stayed elevated amid U.S.-Iran tensions, while optimism over AI firm Anthropic's planned IPO helped limit equity losses.