Updated from 6:46 a.m. EDT
Here are 10 things you should know for Wednesday, March 19:
1.-- U.S. stock futures were higher early Wednesday but global stocks were mixed ahead of a policy announcement from the Federal Reserve later in the afternoon.
Japan's Nikkei 225 rose 0.4%. China's Shanghai Composite Index declined 0.2%.
2.-- The economic calendar in the U.S. on Wednesday includes the fourth-quarter current account balance at 8:30 a.m. EDT, and the rates decision from the Federal Open Market Committee at 2 p.m. EDT.
3.-- U.S. stocks on Tuesday closed higher after Russian President Vladimir Putin calmed markets by assuring there would be no further moves into Ukraine. Weaker-than-expected housing data released Tuesday isn't expected to see the Federal Reserve vary from its course of cutting bond purchases this week.The Dow Jones Industrial Average rose 0.55% to finish at 16,336.19, while the S&P 500 gained 0.72% to 1,872.25. The Nasdaq added 1.25% to 4,333.31.
4.-- Shipping giant FedEx (FDX) said severe winter storms cost it $125 million in its fiscal third quarter, causing the company to miss earnings estimates and to reduce guidance for the remainder of the fiscal year.
FedEx shares fell 0.5% to $137.90 in premarket trading on Wednesday.
5. -- The Justice Department is expected to announce a settlement with Toyota (TM) as early as Wednesday that could cost the automaker more than $1 billion to end a criminal probe into its disclosure of safety issues, people familiar with the matter told The Wall Street Journal.
The deal would cap a four-year investigation with one of the largest fines ever imposed on an automaker, the Journal noted.
Toyota shares fell 0.5% in premarket trading.