Stock futures rose Wednesday as investors awaited the latest inflation numbers and the minutes from the Federal Reserve's latest meeting.
Futures the Dow Jones Industrials rocketed 159 points, or 0.5%, to 29,425.
Futures for the S&P 500 sprinted 27 points, or 0.8%, to 3,626.25.
Futures for the NASDAQ Composite leaped 107 points, or 1%, to 10,952.
Investors are looking forward to the September producer price index, a gauge of final-demand wholesale prices, due to be released by the U.S. Bureau of Labor Statistics on Wednesday.
Economists surveyed by Dow Jones are expecting headline PPI to increase 0.2%, after declining 0.1% in the previous month.
PepsiCo shares rose 1.5% after the beverage and snack giant posted quarterly earnings that beat analyst expectations. The company posted a profit of $1.97 per share, beating a Refinitiv forecast of $1.84 per share.
UBS analyst Robin Farley upgraded shares of Norwegian Cruise Line to a buy rating, citing improved bookings and occupancy rates.
Farley trimmed the bank's price target on the stock, which reflects a near 30% upside for the stock from Tuesday's close.
Shares rose about 3% in pre-market trading.
In Japan, the Nikkei 225 fell four points Wednesday, while in Hong Kong, the Hang Seng Index slipped 0.8%.
Oil prices hiked 46 cents to $89.81 U.S. a barrel.
Gold prices dropped $9.10 to $1,676.90 U.S. an ounce.
Futures Rise Ahead of Inflation Data