Trader is Waiting

The major U.S. index futures are pointing to a mixed opening on Wednesday, as traders exercise caution ahead of the FOMC meeting. Earnings news has been mixed, with Apple's (AAPL) stellar results offering to the Nasdaq futures, while a few other companies such as AMD (AMD) and Yahoo (YHOO) released insipid results. Traders may focus on other cues as the pending home sales index due to be released shortly after the markets open and the developments over Greece's talks with its private creditors.