Dow futures imply gain of more than 100 points at openBusiness | 16 Sep 2020 7:12 pm
U.S. stock futures climbed in early trading Wednesday as investors readied for comments from the Federal Reserve later in the day.
Dow futures implied an opening gain of more than 100 points. S&P 500 and Nasdaq 100 futures were also higher.
Better-than-expected earnings from FedEx and Adobe after the bell boosted sentiment. FedEx released a blowout quarter with earnings US$2.18 per share above analyst estimates, fueled by the e-commerce boom. The shipping company rallied more than 9 percent in extended trading. Adobe jumped by 2 percent after hours, CNBC reports.