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Wall St set to open higher on earnings boost, Big Tech bounces back

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Upbeat results from a host of companies nudged U.S. stock index futures higher on Wednesday, partially righting a wobbly start to the fourth-quarter reporting season, while Big Tech stocks also made a comeback.

Investors are now waiting for next week's Federal Reserve policy meeting for more cues on the central bank's plan to control inflation. Data last week showed U.S. consumer prices increased strongly in December, adding up to the largest annual rise in inflation in nearly four decades.

At 8:44 a.m. ET, Dow e-minis were up 90 points, or 0.26%, S&P 500 e-minis were up 17.25 points, or 0.38%, and Nasdaq 100 e-minis were up 85.5 points, or 0.56%.fell 2.4% after Goldman Sachs downgraded the network equipment maker's stock to "neutral" from "buy". United Airlines rose 0.5% ahead of its fourth-quarter results after markets close. Last week, peer Delta Air Lines reported better-than-expected results.Reporting by Shreyashi Sanyal and Bansari Mayur Kamdar in Bengaluru; Editing by Maju Samuel and Bernard OrrSubscribe to our daily curated newsletter to receive the latest exclusive Reuters coverage delivered to your inbox.

 

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