Dow Rebounds from Sept. Selloff



U.S. stock futures were solidly higher again early Wednesday after the S&P 500 experienced its first positive day in five trading sessions. Dow Jones Industrial Average futures received a boost from a blowout earnings report from component Nike

Futures for the 30-stock index sprang up Wednesday 192 points, or 0.7%, to 27,335.

Futures for the S&P 500 improved 8.5 points, or 0.3%, at 3,307.75.

Futures for the NASDAQ Composite skidded 29 points, or 0.3%, to 11,120.50.

Shares in the "Just-do-it" sporting goods behemoth jumped 13% in pre-market trading as the company said digital sales surged more than 80% last quarter. Earnings and sales blew past analysts expectations last quarter and the company gave a forecast for growth in the new fiscal year.

Airlines and cruise lines gained in pre-market trading after President Donald Trump said the U.S. would not be implementing a second round of lockdowns as the U.K. began imposing stricter measures. The House passed a bill avoiding a government shutdown.

United Airlines and Delta were up more than 2%. Carnival gained 2.7%.

Johnson & Johnson started a phase 3 trial of its coronavirus vaccine.

Key tech stocks Amazon, Apple and Microsoft were slightly higher in pre-market trading. Tech stocks have been the center of the September selloff.

Shares of Tesla fell 4% in pre-market trading after Elon Musk offered new delivery predictions for 2020 and detailed a new battery design that it claims will make its cars cheaper to produce.

Overseas, in Japan, markets returned Wednesday, with the Nikkei 225 dropping 0.1%, while Hong Kong, the Hang Seng index regained 0.1%.

Oil prices gathered three cents to $39.83 U.S. a barrel.

Gold prices slipped $20.90 to $1,886.70.