Investors returned their focus to the latest batch of corporate earnings, a day after Federal Reserve Chair Jerome Powell's remarks that inflation is coming down, but the central bank may not necessarily be ready to slow or stop rate increases.
"The next level that the rally could go to would be about that 4,300, that gets you back to the August high.
On Thursday, investors are looking forward to another batch of earnings reports. Hilton, PepsiCo and Kellogg are scheduled to report their results before the bell Thursday morning. PayPal, Lyft and Expedia will report after the market closes. In economic data, traders are also keeping an eye on weekly unemployment claims, due out at 8:30 a.m. ET.Stock futures were little changed to begin trading Wednesday evening.
Dow Jones Industrial Average futures rose 27 points, or 0.08%. S&P 500 futures were just above the flat line at 0.01% and Nasdaq 100 futures advanced slightly by 0.04%.