Stock futures rose early Wednesday with the market set to resume its February rally, as investors assessed a new batch of corporate earnings.
Futures for the Dow Jones jumped 84 points, or 0.3%, to 31,360
Futures for the S&P 500 acquired 12.25 points, or 0.3%, at 3,917.50.
Futures for the NASDAQ Composite leaped 44.25 points, or 0.3%, to 13,724.50.
Coca-Cola rose more than 1% in pre-market trading after the company topped Wall Street's estimates for its fourth-quarter earnings with cost-cutting efforts. Under Armour jumped 4.3% after reporting a surprise profit for the holiday quarter as sales were boosted by strong digital growth.
Twitter popped 7.7% in early trading after the social media company beat Wall Street's earnings and revenue expectations.
Better-than-expected earnings from Lyft, Cisco Systems, Mattel and Yelp also boosted sentiment on Wall Street. Lyft reported signs of a recovery from the COVID-19 pandemic.
Traders will also be watching closely Federal Reserve Chairman Jerome Powell's speech before The Economic Club of New York at 2:00 p.m. ET.
Moreover, the consumer price index report is scheduled to be released at 8:30 a.m. ET. Economists expect a consensus 0.3% increase in the index, a measure of inflation, or a year-over-year gain of 1.5%, according to Dow Jones. Excluding food and energy, it is projected to rise by 0.1%.
Overseas, in Japan, the Nikkei 225 picked up 0.2%, while in Hong Kong, the Hang Seng index gained 1.9%.
Oil prices progressed 36 cents to $58.72 U.S. a barrel.
Gold prices climbed $2.10 to $1,826.00 U.S.