U.S. stock indexes are rising as Wall Street waits to hear what the Federal Reserve will say about where interest rates may be heading.

The CEO's address at the chip maker's GTC event was applauded by Wall Street but the biggest leaps might require some patience.

Stocks in Asia were set to follow declines on Wall Street, after heavy selling resumed in the largest technology companies in a sign investors are paring exposure in US risk assets. Gold climbed to a fresh record.