Stock futures added to gains on Wednesday after JPMorgan Chase & Co posted quarterly results.

S&P 500 futures rose 16.20 points and were above fair value, a formula that evaluates pricing by taking into account interest rates, dividends and time to expiration on the contract. Dow Jones industrial average futures jumped 126 points, and Nasdaq futures advanced 25.50 points.

Futures were also boosted by better-than-expected results and a stronger outlook from Intel Corp after the bell on Tuesday.

(Reporting by Edward Krudy, editing by Jeffrey Benkoe)

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