Advertisment
U.S. stock index futures were higher Wednesday morning, as traders prepared for some respite from the latest wave of global selling.
Futures for the Dow Jones Industrials sprinted 168 points, or 0.7%, to 24,605
S&P futures popped 20.75 points, or 0.8%, to 2,660.75, while the NASDAQ Composite jumped 72.75 points, or 1.1%, to 6,605.25.
U.S. stocks sold off for a second consecutive session on Tuesday, as energy shares dropped with oil prices, while retailers including Target and Kohl tumbled after weaker-than-expected earnings and forecasts.
On the data front, investors are likely to closely monitor durable goods figures for October at around 8:30 a.m. ET. Existing home sales data for October and a final reading of consumer sentiment for November are both scheduled to be released at around 10:00 a.m.
Overseas, in Japan, the Nikkei 225 faltered 0.4% Tuesday, while in Hong Kong, the Hang Seng index gained 0.5%
Oil prices strengthened $1.19 to $54.61 U.S. a barrel.
Gold prices hiked $3.40 to $1,224.60 U.S. an ounce.
