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U.S. equity futures rose ahead of a busy day of earnings reporting and the inauguration of Joe Biden as 46th president.
Futures contracts linked to the S&P 500 rose 0.4% on Wednesday, while contracts linked to the high-tech Nasdaq-100 rose 0.8%. Dow Jones Industrial Average futures rose 0.1%.
Investors were analyzing a list of earnings reports from UnitedHealth, Procter & Gamble, US Bancorp and Morgan Stanley. United Airlines will release its results just after markets close.
Stocks started the week on a bullish note, with all three major indices hitting just below their all-time highs. Investors remain optimistic that the fiscal stimulus measures are supporting businesses in the face of damage from the Covid-19 pandemic.
This will put pressure on companies to deliver during this earnings season and meet market expectations, said Brian O’Reilly, head of market strategy at Mediolanum Investment Funds.
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