Stock futures are moving higher, suggesting that major indexes may recover slightly from Tuesday's fall.
On concerns about a possible debt ceiling default
Regional bank shares are also surging, extending a recent period of high volatility.
Target and Cisco Systems are expected to report their earnings on Wednesday. Data on housing starts and permits for building will give insight into the U.S. Housing Market. The Bank of England Governor will deliver a speech. Andrew Bailey's speech will be closely monitored to get clues about future U.K. financial policy.
Stock futures are ticking up.
Futures linked to the Dow Industrials, Nasdaq 100 and S&P500 gained between 0.2%-0.3%.
Shares of regional banks soared premarket.
PacWest Bancorp was the leader in gains, but other companies such as Western Alliance Bancorp or Zions Bancorporation rose too.
The yields on U.S. Government Bonds mostly fell.
The yield on the 10-year U.S. Treasury fell from Wednesday's 3.548% to 3.536%. The yield on the two-year Treasury note bucked this trend and rose to 4.099% from 4.072%.
Oil prices declined.
Brent crude fell 0.7% to $74.40 per barrel.
The WSJ Dollar Index rose 0.3%.
On track to end higher for the 6th session in the past 8 trading days. The index is at a two-month high.
Stoxx Europe 600 dropped 0.2% overseas.
China's indexes fell while Japan's Nikkei gained 0.8%
The first time in 2021 that the number of people who reach 30000 is higher than ever