Chinese trade negotiators suddenly canceled a visit to meet U.S. farmers after they wrapped up trade talks in Washington this week.Marketsread more
The Pentagon will deploy U.S. forces to the Middle East on the heels of the attack on Saudi Arabian oil facilities, United States Secretary of Defense Mark Esper announced...Defenseread more
President Trump also said he is "not looking for a partial deal" with Beijing, moving away from his suggestion last week that he would consider an "interim deal."Politicsread more
Progress on trade talks will determine how far market will move above new highs.Trader Talk with Bob Pisaniread more
"Sure, the trade war's taking its toll on business ... it's just not taking its toll where it was supposed to," Jim Cramer says.Mad Money with Jim Cramerread more
Joe Biden called on President Donald Trump Friday to release the transcript of a call with a foreign leader that is the subject of a whistleblower complaint. Biden described...Politicsread more
For investors taking a breather from the chaos in August, buckle up as the market is about go crazy again, Goldman Sachs warned.Marketsread more
Palantir Technologies is targeting a valuation of at least $26 billion in a private fundraising round, the first for the Peter Thiel-backed data analytics startup in four...Wall Streetread more
Michael Pack, a conservative filmmaker linked to Steve Bannon, saw at least $1.6 million in donations from his nonprofit sent into the coffers of his independent production...Politicsread more
The New England Patriots released Antonio Brown just 11 days after signing the wide receiver. The NFL Super Bowl champion team initially had kept him in the face of a rape...Sportsread more
A tour bus carrying Chinese-speaking tourists crashed near a national park in southern Utah, killing at least four people and critically injuring up to 15 others, authorities...U.S. Newsread more
U.S. stock futures pointed to a strong open for Wall Street Wednesday, following a sharp rally in global markets, with Japan's blue-chip stock index surging more than 7 percent.
The Dow Jones industrial average futures gained more than 200 points in early trade. U.S. stocks closed more than 2 percent higher Tuesday, rebounding after a long weekend and their second-worst week of the year.
Asian shares ended the day broadly higher, as "risk-on" sentiment returned to international stock markets after a volatile few weeks marked by fears of a China slowdown and uncertainty about the timing of a U.S. rate rise.
Japan's Nikkei index logged its biggest one-day gain since 2008 on Wednesday and China's Shanghai Composite index closed up 2.3 percent.
The positive sentiment spilled over into Europe, where major bourses in Germany and France jumped about 2 percent.
"Asian markets have swollen up like they were on steroids, as the positive momentum filtered from the U.S. markets. Traders are certainly paying much attention to the silver lining in the economic data and keeping their focus that the efforts of the People's Bank of China will work," Naeem Aslam, chief market analyst at AvaTrade, said in a note.
"The kind of panic which we experienced during the past few weeks in the market has very much evaporated and this week is becoming a very robust one for the equity markets."
Analysts said the expectation that China's policymakers will take further action to support the economy and prevent a sharp slowdown could help explain the positive tone in global markets.
In the U.S., traders are expected to eye the Job Openings and Labor Turnover Survey (JOLTS) at 10 a.m. ET for further clues on the health of the labor market.
The key non-farm payrolls report on Friday reinforced expectations that the jobs market is strong enough to weather a rise in U.S. interest rates – possibly when the Federal Reserve meets next week.
Investors will also focus on tech giant Apple, which is expected to unveil new products later on Wednesday.