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The ProShares Ultra S&P500 is designed to provide daily returns, before accounting for any fees or expenses, that are double the daily performance of the S&P 500 index.

S&P 500 futures rise before the Fed, but a 5% 10-year yield and oil near $105 keep stock market risk in play.

The S&P 500 could decline to 6,800 ahead of the 2026 U.S. midterm elections, according to a new technical analysis that points to a potential breakdown from the index's long-term bullish trend channel.

The S&P 500 typically declines during the first three months of a new rate-hike cycle. However, the S&P has historically risen over the next year.

Forecasts for the S&P 500, tracked by the SPDR S&P 500 ETF Trust (NYSE:SPY), diverge as AI dictates market direction, while specialized ETFs continue to outperform SPY over a five-year horizon.

U.S. stock futures are trending higher early Wednesday as investors await the Federal Reserve's highly anticipated interest rate decision and weigh cooling fears over an AI slowdown against the massive economic costs of the U.S.-Iran conflict.