U.S. stock futures declined following disappointing results from Microsoft, while major indices showed signs of recovery led by the technology sector ahead of the Federal Reserve's upcoming decision on interest rates. The Nasdaq, which had recently hit a two-month low, rebounded with a 1.52% increase, while the S&P 500 rose by 0.99% and the Dow gained 0.30%. The resurgence was primarily driven by strong performances from chipmakers, particularly AMD, which reported robust second-quarter results. As Wall Street awaits the Fed's verdict, the market sentiment remains cautiously optimistic with a focus on tech stocks.