U.S. stock index futures rose ahead of Wall Street's open Thursday as Caterpillar reported better-than-expected quarterly results.
Dow Jones industrial average futures gained 100 points, while S&P 500 and Nasdaq 100 futures advanced 8 points and 37 points, respectively.
Caterpillar shares rose 3.8 percent in the premarket after the company released its fourth-quarter results. 3M also reported better-than-expected results, helping lift investor sentiment. Shares of 3M gained 2.5 percent.
The major indexes posted intraday records on Wednesday, but the S&P 500 and Nasdaq finished the session lower as valuation concerns and worries about protectionist policies made some investors nervous.