Dow Set to Rocket as Tech Rises

U.S. stock index futures rose ahead of the open on Wednesday as tech shares climbed, while investors turned their attention to an upcoming political summit in Canada.

Futures for the Dow Jones Industrials galloped 127 points, or 0.5%, to 24,949

S&P 500 futures took on five points to 2,756.50, while futures for the NASDAQ composite index gained 8.25 points, or 0.1%, to 7,187.50

Shares of Netflix rose 0.8%, and Tesla vaulted 2.6%, while Alphabet and Apple also ticked higher.

In earnings, Thor Industries, Cloudera and Okta are scheduled to publish corporate earnings after the bell.

Of particular concern to investors are the trade frictions between the U.S. and other countries. Last week, the Donald Trump administration imposed metal tariffs on Canada, Europe and Mexico — all of whom criticized and retaliated to Washington’s decision. The White House remained upbeat, however, stating that it continues to seek strong ties with the nations involved.

Now a summit between leading political figures is due to take place in Quebec, this week, with the topic of trade expected to be of key importance.

Coming up Wednesday, a slew of economic data is due out at 8:30 a.m. ET, including the U.S. International Trade in Goods and Services, and productivity and costs figures.

In Japan, the Nikkei 225 acquired 0.4%, while in Hong Kong, the Hang Seng Index gained 0.5% Wednesday,

Oil prices slid 25 cents to $65.27U.S. per barrel.

Gold prices skidded $2.40 to $1,299.80U.S. an ounce.

This article provided by NewsEdge.