Stocks are poised to open higher Wednesday following news that the U.S. and China are scheduled to discuss trade, as investors digest a flurry of earnings reports and await the Federal Reserve's decision on interest rates.

Dow Jones futures rose modestly early Wednesday, along with S&P 500 futures and Nasdaq futures, on news that U.S.-China trade talks will begin later this week. But premarket gains are fading. The Federal Reserve will conclude its two-day policy meeting ,

U.S. stock index futures rose on Wednesday as hopes of a de-escalation in trade tensions with Beijing firmed, while investors awaited the Federal Reserve's decision on interest rates that is expected later in the day.