U.S. stock index futures saw slight gains Wednesday, anticipating the Federal Reserve's first interest rate cut in over four years. Investors largely expect a 50-basis point reduction, though uncertainty remains.

SolarEdge Technologies is down 5% after shares of the solar-power-equipment maker were downgraded to Underperform from Hold at Jefferies and the price target cut to $17 from $27. S&P 500 futures are up 0.3%. Dow Jones Industrial Average futures are adding 0.2%.

Foreign investors significantly increased their investments in Indian markets for a second day following the US Federal Reserve’s steeper-than-expected interest rate cut, with Nifty 50 and Sensex hitting record highs on Friday and boosting investor wealth by $7 trillion.

Oil prices settled lower on Friday but recorded a second straight week of gains, garnering support from a U.S. interest rate cut and a dip in U.S. supply. Brent futures settled down 39 cents, or 0.52%,

Oil futures booked solid weekly gains, boosted by the Federal Reserve’s large interest-rate cut and a renewed rise in tensions in the Middle East.

Oil prices were steady on Friday and set for a second straight week of gains, garnering support on a large cut in U.S. interest rates and a dip in U.S. supply. Brent futures were down 3 cents, or 0.04%,