Stock futures point to further gains

Traders will be focusing on several big earnings reports on Wednesday led by Coca-Cola, Johnson & Johnson and Verizon.

U.S. equity futures are trading higher, adding to this week's rebound from Monday's selling.

The major futures indexes suggest a rise of 0.5% when trading begins on Wall Street.

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Wall Street rebounded on Tuesday, with the  benchmark S&P 500 index gaining 1.5%, recovering much of the previous day's loss.

Ticker Security Last Change Change %
I:DJI DOW JONES AVERAGES 34995.56 -148.75 -0.42%
SP500 S&P 500 4395.47 -26.83 -0.61%
I:COMP NASDAQ COMPOSITE INDEX 14633.910102 -206.80 -1.39%

The Dow Jones Industrial Average rose 1.6% to 34,511.99. The Nasdaq composite gained 1.6% to 14,498.88.

IBM Corp. and hospital operator HCA Healthcare both advanced after reporting higher revenue and profit than expected.

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Traders will be focusing on several big earnings reports on Wednesday led by Coca-Cola, Johnson & Johnson and Verizon.

There are no economic reports on the Wednesday schedule.

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In Europe, London's FTSE added 1.6%, Germany's DAX gained 0.8% and France's CAC jumped 1.3%.

Asian stock markets were mixed Wednesday after Japanese exports surged as investors tried to figure out how rising coronavirus infections will affect the global economy.

The Nikkei 225 in Tokyo added 0.6%, the Hang Seng in Hong Kong slipped 0.1% and China's Shanghai Composite Index rose 0.7%.

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In energy markets, benchmark U.S. oil was gaining 74 cents to $67.95 per barrel in electronic trading on the New York Mercantile Exchange. Brent crude, the price basis for international oils, added 81 cents to $70.16 per barrel in London.

The Associated Press contributed to this report.