Looking to data, jobless claims and Producer Price Index (PPI) data are set to come out at 8:30 a.m. ET, which will then be followed by the Treasury budget, due out at 2 p.m. ET.
On Thursday, investors are likely to be still be digesting the latest minutes published by the Federal Open Market Committee, after Wall Street finished higher Wednesday following the release.
In the latest FOMC minutes, the U.S. central bank indicated that an interest rate hike later in 2017 was almost certain, even if low inflation continues to weigh on sentiment. The minutes are expected to be of key importance Thursday as leading members from the U.S. Federal Reserve are set to deliver speeches.
Atlanta Fed President Raphael Bostic will be in Hong Kong at a conference, "Unconventional Monetary Policy: Lessons Learned," where he is expected to comment on balance sheet normalization.
Meanwhile, Fed Governor Jerome Powell will likely be discussing emerging markets at the 2017 IIF Annual Membership Meeting in Washington.
Fed Governor Lael Brainard will also be in Washington, but will be participating in a panel on monetary policy at a conference on Rethinking Macroeconomic Policy.
In other news, U.S. President Donald trump is expected to sign an executive order Thursday, to promote health care choice and competition.