Investors hope that the government will help the most affected sectors of the economy.
US stock index futures on Wednesday showed positive dynamics: investors continue to hope for a recovery from the coronavirus-induced recession, amid signs of further assistance from the Federal government and the fed.
Shares of home goods chain Lowe’s Cos rose 8.4 percent in the run-up to the opening of trading after the company published a favorable report on quarterly sales figures.
At the end of trading on Tuesday, US financial markets showed a noticeable decline after the publication of reports that questioned the results of the first research of the vaccine from the company Moderna.
Treasury Secretary Steven Mnuchin and fed chief Jerome Powell on Tuesday said that the government and the Central Bank are considering additional measures to help the most affected sectors of the economy.
As of 6.27 am, e-mini Dow futures were up 287 points, or 1.19 percent, the S&P 500 was up 32.5 points or 1.11 percent, and the Nasdaq 100 was up 97.25 points or 1.05 percent.
SPDR S&P 500 ETF rose 1.19 percent.
Shares of the big four technology companies (FAANG) – Facebook, Amazon, Apple, Netflix, and Alphabet – added 0.9 to 2.6 percent.
The big banks on wall street- Bank of America, Citigroup, JPMorgan Chase, and added about 2 percent.