U.S. equity futures edged higher Wednesday, with stocks looking to extend their recent run of gains to a fourth consecutive session, as markets react to more dovish rate signals from Federal Reserve officials heading into the start of the third quarter earnings season.
Minutes of the Fed's last policy meeting in September, which will be published at 2:00 pm Eastern time, are likely to reflect similar thinking amongst Fed rate-setters, but the move powerful tool has been the run-up in Treasury yields, which lifted benchmark 10-year notes to a 2007 high of 4.985% last week.
Collective S&P 500 earnings for the three months ending in September are expected to grow 1.3% from last year to a share-weighted $464.4 billion, according to Refinitiv data, representing the strongest quarterly gain of the year.
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