On Wednesday , US stock index futures increased following a withdrawal on Wall Street in the previous session, as strong demand for fuel boosted oil prices, while investors remained cautious due to a stalemate over the upcoming coronavirus federal aid bill. Energy stocks Exxon Mobil Corp (XOM) increased by 1.1% and Chevron Corp (CVX) added in premarket trading a 1.5%.
On Tuesday, The S&P 500 and Dow have broken seven days of gains after the benchmark index reached within 0.15% of its closing record high, enhanced by historic monetary and fiscal stimulus and signs of a growing economic recovery. The Nasdaq was the first of the three indexes to jump back into an all-time high back in June. The Dow is roughly 6% under its February peak.
With a better-than-feared second-quarter returns season mostly at its end, attention will revolve around the upcoming US presidential elections. On Tuesday democratic candidate Joe Biden chose Senator Kamala Harris for vice president.