NEW YORK (CNNMoney.com) -- U.S. stocks were poised to move forward Wednesday following positive results from Oracle and oil hitting a new six-month low, as investors await the latest Federal Reserve pronouncement on interest rates.

At 6:15 a.m. ET, Nasdaq and S&P futures were solidly higher.

After Tuesday's market close, software provider Oracle (Charts) posted a profit that topped Wall Street estimates and forecasted solid growth this quarter. Shares of Oracle soared 13 percent in both after-hours trading Tuesday and in Frankfurt trading early Wednesday.

Oil continued lower. U.S. light crude dropped briefly below the $61 a barrel mark, a six-month low, ahead of the U.S. fuel inventory report due at 10:30 a.m. ET.

Oil was back up to $61 a barrel at 6:15 a.m., although that was still down 66 cents from Tuesday's close, while Brent crude traded in London was 55 cents lower at $61.62.

The Fed is widely expected to leave interest rates unchanged at its meeting Tuesday, but investors and economists will be awaiting its statement, due to be released at 2:15 a.m. ET, for clues about the future of rates.

Treasury prices were little changed in early trading, leaving the yield on the 10-year note near the 4.73 percent level reached after the rally Tuesday that followed economic readings showing slower than expected home building activity and tame inflation at the wholesale level.

Stocks in Asia closed mostly lower Wednesday following the coup in Thailand. Major stock indexes in Europe were higher in early trading. The dollar was lower against the yen and little changed versus the euro.

In corporate news, insurer American International Group (Charts) named Robert Willumstad, the former president and chief operating officer of Citigroup (Charts), as the company's new chairman.

Dow component Boeing (Charts) could see gains from two published reports. The Washington Post said the defense contractor has won a $2.1 billion contract to help the Department of Homeland Security beef up security along the U.S. borders with Mexico and Canada.

In addition, a French newspaper reported Boeing competitor Airbus is close to announcing further delays in the first deliveries of its A380 superjumbo jet. Shares of EADS, which owns 80 percent of Airbus, were down 0.6 percent in Paris trading early Wednesday.

Internet company Yahoo! (Charts) announced a joint venture Web site Wednesday with Current TV, the cable network co-founded by former Vice President Al Gore, that will featuring user-generated content as well as professional videos from the staffs of the two companies. Yahoo competitor Microsoft (Charts) announced its own online video sharing service Tuesday.

Wall Street firm Morgan Stanley (Charts) is due to report results before the market open Wednesday, with analysts looking for sharply improved earnings.

______________________

Check market activity