Dow set to skip 250 points, boosted by Boeing and Apple revenue

U.S .. Stock index futures rose sharply on Wednesday when Boeing and Apple rose in the back of their results.

at 7:33 pm ET, Dow Jones Industrial Average futures were up 253 points, suggesting a gain of 261.04 points at opening. S & P 500 and Nasdaq 100 futures also pointed to strong gains on opening

Boeing's shares jumped 5.9 percent after quarterly earnings simply hit expectations, rising more than 5 percent after quarterly earnings reporting that barely estimates.

The results of the Dow members come in the busiest week of the earnings season, and by the end of this week, over 1[ads1]00 S & P 500 companies will have released their quarterly results, so far, 71 percent of companies that have reported exceeded earnings expectations, FactSet data

Investors also looked forward to a key monetary policy decision from the Federal Reserve, which is expected to remain largely unchanged at its latest meeting, but investors will look for clues about Fed's plane. It's about rolling off its massive balance.

Facebook and Microsoft are scheduled to report after the clock Wednesday. Qualcomm and Tesla are also slated to report.

Market focus is largely aligned with global trade developments, with Chinese Vice President Liu He coming to Washington to meet US officials Wednesday. Treasury Secretary Steven Mnuchin said on Tuesday that he expected the world's two largest economies to make significant progress towards a comprehensive trade deal this week.

However, many market participants remain skeptical about whether the financial giants can build differences over a number of issues, including intellectual property rights and technology transfers.

On the data front, an ADP employment report is due at 8:15 ET, and a pending home turnover index must be reported at. 10.00 ET.

CNBCs Sam Meredith contributed to this report.

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