Stock index futures pointed to a higher open on Wall Street on Wednesday, with futures for the S&P 500 up 0.38 percent, Dow Jones futures up 0.62 percent and Nasdaq 100 futures up 0.61 percent at 4:10 a.m. EST.
Contract manufacturer Jabil Circuit Inc
Losing a big Japanese order to Lockheed Martin Corp
A payroll tax cut for 160 million American workers was in limbo on Wednesday with Democrats and Republicans in the U.S. Congress accusing each other of bringing an extension to a dead stop.
German group HeidelbergCement
On the macro side, the National Association of Realtors will release existing home sales for November. Economists in a Reuters survey forecast a 5.05 million annualized unit total versus 4.97 million annualized units in October.
European stocks were up 0.4 percent in morning trade, led by banking shares. The European Central Bank is expected to allot 310 billion euros ($407 billion) at its first-ever three-year refinancing auction on Wednesday, according to traders polled by Reuters just hours before the ECB announces the results of the tender.
The ECB's offer of three-year loans is seen easing fears of an impending credit crunch and possibly bolstering bond and money markets.
U.S. stocks rallied nearly 3 percent on Tuesday as investors bought surging banks, homebuilders and networking companies, though low volume was seen as amplifying the market's move.
The Dow Jones industrial average <.DJI> was up 335.73 points, or 2.87 percent, at 12,103.58. The Standard & Poor's 500 Index <.SPX> was up 35.95 points, or 2.98 percent, at 1,241.30. The Nasdaq Composite Index <.IXIC> was up 80.59 points, or 3.19 percent, at 2,603.73.
(Reporting by Blaise Robinson; Editing by Hans-Juergen Peters)