Stock futures point to further gains
Traders will be focusing on several big earnings reports on Wednesday led by Coca-Cola, Johnson & Johnson and Verizon.
Big market winners you won't see coming
Villere & Co. portfolio manager George Young shares his stock picks.
U.S. equity futures are trading higher, adding to this week's rebound from Monday's selling.
The major futures indexes suggest a rise of 0.5% when trading begins on Wall Street.
GET FOX BUSINESS ON THE GO BY CLICKING HERE
Wall Street rebounded on Tuesday, with the benchmark S&P 500 index gaining 1.5%, recovering much of the previous day's loss.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| I:DJI | DOW JONES AVERAGES | 41794.6 | -257.59 | -0.61% |
| SP500 | S&P 500 | 5712.69 | -16.11 | -0.28% |
| I:COMP | NASDAQ COMPOSITE INDEX | 18179.984429 | -59.93 | -0.33% |
The Dow Jones Industrial Average rose 1.6% to 34,511.99. The Nasdaq composite gained 1.6% to 14,498.88.
IBM Corp. and hospital operator HCA Healthcare both advanced after reporting higher revenue and profit than expected.
HOUSING STARTS CLIMB DESPITE MATERIALS SHORTAGE
Traders will be focusing on several big earnings reports on Wednesday led by Coca-Cola, Johnson & Johnson and Verizon.
There are no economic reports on the Wednesday schedule.
AS BEZOS RETURNS TO EARTH, HOUSE DEMOCRAT PROPOSES TAXING SPACE FLIGHT
Amazon founder Jeff Bezos and his Blue Origin crew successfully completed its first passenger flight on Tuesday. That impacted the shares of rival Virgin Galactic. Those shares finished the day down 1.3%.
In Europe, London's FTSE added 1.6%, Germany's DAX gained 0.8% and France's CAC jumped 1.3%.
Asian stock markets were mixed Wednesday after Japanese exports surged as investors tried to figure out how rising coronavirus infections will affect the global economy.
The Nikkei 225 in Tokyo added 0.6%, the Hang Seng in Hong Kong slipped 0.1% and China's Shanghai Composite Index rose 0.7%.
CLICK HERE TO READ MORE ON FOX BUSINESS
In energy markets, benchmark U.S. oil was gaining 74 cents to $67.95 per barrel in electronic trading on the New York Mercantile Exchange. Brent crude, the price basis for international oils, added 81 cents to $70.16 per barrel in London.
The Associated Press contributed to this report.