Stocks Set to Rebound with Dow Futures Exploding

U.S. stock futures were higher on Wednesday after stocks dipped in the Tuesday regular session.

Futures for the Dow Jones Industrial index hiked 133 points, or 0.4%, to 31,492.

Futures for the S&P 500 improved 12.25 points, or 0.3%, at 3,879.75.

Futures for the NASDAQ Composite amassed 37 points, or 0.3%, to 13,092.25.

Stocks benefiting from economic activity picking up led the gains in the premarket. Norwegian Cruise Line Holdings was up 2.7%. United Airlines was up 2%. Bank and energy shares were also higher.

Private payroll data for February was due Wednesday. This will give investors a read into the labor market. Economists polled by Dow Jones expect 225,000 private jobs were added in February, higher than the 174,000 added in January.

President Joe Biden said late Tuesday that the U.S. will have a large enough supply of coronavirus vaccines to vaccinate every adult in the nation by the end of May. That would be two months ahead of schedule. The vaccine rollout is seen as key part in getting Americans back to work and for the economy to recover.

Overseas, In Japan, the Nikkei 225 took on 0.5%, while in Hong Kong, the Hang Seng rocketed 2.7%.

Oil prices acquired 69 cents to $60.44 U.S. a barrel.

Gold prices slid $19.00 to $1,714.60 U.S.