US Stock index futures rose on Tuesday as investors cheered strong earnings from UnitedHealth Group and Johnson & Johnson.
Other companies that reported better than expected quarterly earnings include Bank of America and BlackRock.
The Group's earnings season is set to start strongly, with almost 84% of the S&P 500 companies reporting it
IBM, Netflix and CSX are among the companies to report e. treats Tuesday's closeness.
Equities also received a boost from dovish remarks by Federal Reserve officials. Boston Fed President Eric Rosengren said the central bank does not need to adjust monetary policy at the moment and notes: "We must continue to see what is happening to financial stability issues."
Rosengren's comments follow the Chicago Fed President Charles Evans, who tells CNBC that prices may remain unchanged until the autumn of 2020. "For me, it will help support inflation prospects and make it sustainable," he said.
At the data front, a report on US industrial production and capacity utilization is due at 9.15 ET, and the National Association of Home Builders survey will be out at 10.00 ET.