U.S. futures reached the 46th president ahead of a busy day of earnings reports and the inauguration of Joe Biden.
Futures linked to the S&P 500 rose 0.4% on Wednesday, while contracts linked to the technology Nasdaq-100 rose 0.8%. The Dow Jones industrial average rose 0.1%.
Investors were working on a report on earnings reports from UnitedHealth, Procter & Gamble, US Bancorp and Morgan Stanley. United Airlines will release its earnings just after markets close.
Stocks started the week in a positive way, with all three major indices moving just below their record highs. Investors remain optimistic that fiscal stimulus will support businesses through the damage caused by the Covid-19 pandemic.
This will put pressure on companies to deliver during this earnings season and meet market expectations, says Brian O’Reilly, head of marketing strategy at Mediolanum Investment Funds.