Here’s what we’re watching before Wednesday’s opening bell.
–US stock futures soared while investors awaited further testimony from Fed Chairman Jerome Powell and economic data on the pace of recovery.
Futures linked to the S&P 500 index rose 0.2%, while Dow Jones Industrial Average futures gained less than 0.1%. Nasdaq-100 futures were up 0.8%, suggesting that technology stocks may rebound after falling lower on Tuesday. Read our complete market package.
What’s coming
–Gains are due General Mills before opening. KB Home will report after closing.
–Durable goods orders in the USA for February, due at 8:30 am ET, an increase of 0.4% is expected in relation to the previous month.