U.S. stock futures edged higher Tuesday night after President Donald Trump told reporters in the Oval Office he had "no intention" of firing Federal Reserve Chair Jerome Powell, adding that he "never did," according to CNBC.
The S&P 500 Futures are up 1.41%, at 5,389, followed by Dow Futures, trading at 39,788, up 1.09%, and finally Nasdaq Futures at 18,675, up 1.58%. This comes after a strong rebound in the regular session on Tuesday, with the Dow rallying 1,000 points and snapping its four-day losing streak, and both the S&P 500 and the Nasdaq rising over 2%.
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Japan’s Nikkei 225 benchmark index is taking cues from Wall Street and is up 1.72% or 588 points in the early morning session. Tech, export-linked stocks, and insurance companies led the rally.
The U.S. Dollar Index (DXY) is up 0.3%, following a rebound from its three-year lows on Monday. This comes after the President backed down from his threats against the Fed Chair on Tuesday night, according to a report by Reuters.
Investors will be closely watching the earnings of several large-cap stocks on Wednesday, including Philip Morris International Inc. (NYSE:PM), AT&T Inc. (NYSE:T), and ServiceNow Inc. (NYSE:NOW), among several others.
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