U.S. stock futures pointed to a slightly higher open on Wednesday amid volatility in the oil market and as investors looked ahead to upcoming inflation data.
Futures for the Dow Jones Industrials acquired 36 points, or 0.1%, to 25,366
S&P futures took on four points, or 0.2%, to 2,731.50, while the NASDAQ Composite marched ahead 6.25 points, or 0.1%, to 6,859.25.
Macy’s and NetApp are among the firms reporting earnings Wednesday.
On Tuesday, stock markets stateside navigated through a wildly volatile session, with the Dow falling just a touch above 100 points by the close, despite a rise earlier in the session in excess of 100 points.
Oil rebounded from losses earlier in the session following Tuesday's 7% plunge. Prices had initially fallen on the back of investor angst over fears of an abundance of supply and not enough demand.
President Donald Trump earlier this week sent another warning to producer cartel OPEC (Organization of Petroleum Exporting Countries), saying he hoped the group would not cut output in a move to buoy prices.
Meanwhile, investors are looking ahead to inflation data on Wednesday. Consumer Price Index and core CPI inflation figures are due to be released at 8:30 a.m. ET.
Overseas, in Japan, the Nikkei 225 squeezed up 0.2% Wednesday, while in Hong Kong, the Hang Seng index retreated 0.5%.
Oil prices progressed 57 cents to $56.26 U.S. a barrel.
Gold prices moved higher 80 cents to $1,202.20 U.S. an ounce.
