US stock futures rose Wednesday morning as investors awaited the next wave of major earnings following a volatile day on Wall Street.
Dow Jones Industrial Average futures (YM=F) 0.2% gains, while contracts tied to the S&P 500 (ES=F) and Nasdaq 100 (NQ=F) climbed 0.4% and 0.5% respectively.
With no major economic data scheduled for release Wednesday, investors are focused on corporate earnings. Reports from Bank of America (BAC), Morgan Stanley (MS), PNC Financial (PNC), Abbott Laboratories (ABT), and ASML Holding (ASML) are all due before the opening bell.
Tuesday was a rocky day for markets as trade tensions between Washington and Beijing intensified. President Donald Trump said on Truth Social he was considering imposing new trade restrictions on China because the country isn’t purchasing soybeans from the US. The threat follows China’s announcement of fresh sanctions on five US subsidiaries of South Korean shipbuilder Hanwha.
Meanwhile, the White House is preparing for the government shutdown to drag on. Trump said he would release a list of federal programs earmarked for cuts this week, and the White House budget office is scrambling to find ways to pay military members and law enforcement.
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