Here are 10 things you should know for Wednesday, Jan. 8:
1.-- U.S. stock futures were rising Wednesday, following robust gains in Japan and Hong Kong.
European stocks were trading mixed early Wednesday. Japan's Nikkei 225 index rose 1.9% to close at 16,121.45 and Hong Kong's Hang Seng added 1.3% to finish at 22,996.59.
2.-- The economic calendar in the U.S. Wednesday includes the ADP Employment Change Index for December at 8:15 a.m. EST, and minutes of the Dec. 18 meeting of the Federal Open Market Committee at 2 p.m.
3.-- U.S. stocks on Tuesday rose for the first time in 2014, snapping a three-day losing streak after an improved trade report and eurozone data bolstered investor sentiment.
The S&P 500 rose 0.61% to close at 1,837.88 while the Dow Jones Industrial Average added 0.64% to finish at 16,530.94. The Nasdaq jumped 0.96% to 4,153.18.
"I would like to end the Microsoft speculation because I have no other plans to do anything other than serve Ford," Mulally told The Associated Press in an interview.
Microsoft, meanwhile, is closer to naming a new CEO, Reuters reported, citing a source familiar with the board's thinking. Sources familiar with the process told Reuters that Microsoft is down to a "handful" of candidates, including one or more outsiders from the tech industry, former Nokia (NOK) CEO Stephen Elop and insiders Satya Nadella and Tony Bates.