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* The Fed is expected to signal it remains on
track to begin raising interest rates later this year, as it
shows confidence that low inflation and rising risks from abroad
have yet to derail the U.S. economic recovery.
* Nasdaq futures rallied more than 1 percent powered by a 9
percent advance in Apple shares <AAPL.O>. Apple's quarterly
results smashed Wall Street expectations with record sales of
big-screen iPhones in the holiday shopping season, which helped
the company post the largest profit in corporate history.
* Yahoo <YHOO.O> gained 6.7 percent after it unveiled plans to
spin off its 15 percent stake in Alibaba Group Holding <BABA.N>,
responding to pressure to hand over to shareholders its
e-commerce investment valued at roughly $40 billion.
* Boeing <BA.N> added 4.1 percent premarket after posting its
earnings results and outlook.
* U.S. Steel Corp's shares <X.N> added 8.4 percent the day after
its profit beat expectations. Though the company warned that low
oil prices and the strong U.S. dollar could negatively impact
its business in 2015, it said the potential for higher consumer
spending could help lift demand.
Futures snapshot at 7:37 a.m. EST (1237 GMT):
* S&P 500 e-minis were up 8.75 points, or 0.43 percent, with
155,107 contracts changing hands.
* Nasdaq 100 e-minis were up 51 points, or 1.22 percent, in
volume of 33,892 contracts.
* Dow e-minis were up 36 points, or 0.21 percent, with 29,381
contracts changing hands.
(Reporting by Rodrigo Campos; Editing by Chizu Nomiyama)
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