"U.S. stocks were poised to advance Wednesday, as investors prepared for the release of the Federal Reserve's policy statement."
"The biggest event of the day, said Hogan, is probably the State of the Union address by President Obama, who will probably couch his speech to be "more friendly to the market."
"Companies: Stocks to watch include Apple (AAPL, Fortune 500), which is expected to make a major product announcement in the afternoon.
Toyota (TM) on Tuesday suspended sales of eight of its models in the U.S. in relation to a previously announced recall of 2.3 million vehicles.
Earnings: Yahoo (YHOO, Fortune 500) posted fourth-quarter earnings that topped Wall Street's estimates after U.S. markets closed Tuesday."