U.S. stock index futures pointed to a higher open on Wednesday, as investors brace themselves for another slew of corporate earnings reports.
Nasdaq futures rose 16 points, pointing the index towards a record open. S&P and Dow futures traded 1.75 points higher and flat, respectively
Investors also digested economic data, with housing starts rising more than expected. Mortgage Applications rose 6.3 percent.
Meanwhile in the energy market, oil prices posted slight gains, however, any positive sentiment was capped on the back of an uptick in U.S. crude inventories, and glut concerns.
At 8:58 a.m. ET on Wednesday, U.S. crude was trading around $46.40, while Brent hovered around $48.90.