U.S. Stock Futures Rise on Record S&P 500, Interest Rate Sentiment
U.S. equity index futures edged higher on Wednesday, following a record-breaking close for the S&P 500 on Tuesday.
S&P 500 futures (ES=F) gained 0.06%, while Dow Jones Industrial Average futures (YM=F) advanced 0.01%. Nasdaq 100 futures (NQ=F) led the gains, rising 0.11%.
Tuesday's rally saw the S&P 500 reach a new record high of 6,129.58, its first since January 23. The index benefited from positive sentiment surrounding technology stocks and the Federal Reserve's cautious approach to interest rate hikes.
President Donald Trump's announcement of potential tariffs on automobiles and other imports has raised concerns among investors, but hopes for a resolution in the U.S.-Russia peace talks have supported market optimism.
In earnings news, Etsy (ETSY) and Carvana (CVNA) are scheduled to release their financial reports on Wednesday.
Investors will also closely monitor the release of the minutes from the Fed's January meeting, scheduled for Wednesday afternoon. The minutes are expected to provide insights into the central bank's stance on inflation and interest rates.