Futures for U.S. markets were in the green late Tuesday after better-than-expected economic indicators linked up with investors' belief that low-regulation, low-tax Trumponomics will mean good things for the economy.
The Dow Jones Industrials gained 0.09%, the S&P 500, 0.17%, and Nasdaq, 0.32%, at 9:16 p.m. ET.
All three U.S. indices rallied after retail sales rose a more-than-expected 0.8% last month and export prices all exceeded expectations with 0.5% growth. Investors are hoping for more Wednesday after the good economic news hooked up with a rally in tech shares, which had fallen after the election.
The Dow has now gained in seven straight sessions and set a new closing high of 18,923.06 points after gaining 0.29% Tuesday. The S&P added 0.75% and Nasdaq, buoyed by rising FANG stocks, added 1.1%.
Europe posted similar gains Tuesday with Germany's Dax up 0.39%, the Cac in Paris, 0.62%, and the FTSE in London, 0.59%.
Asia also opened higher Wednesday as investors there continue to cheer the effect a weak yen could have on exports. Japan's Nikkei was up 0.95%, while the South Korean Kospi added 0.60% and Australia's ASX 0.17% at 9:18 p.m. ET.
Although oil traders have been betting OPEC may soon curb production, in early Asian trade, oil gave back some Tuesday gains with industry standard Brent crude down 0.55% to $46.69 per barrel while West Texas crude slipped 0.57% to $45.55 per barrel. The prices were current as of 9:08 p.m. ET and represent futures for delivery in January and December, respectively.
In currencies, the yen continued its Tuesday ascension against the dollar as Asia awoke, with $1 buying ¥109.027, an increase of 0.044%.
In after-hours trade, shares of recliner maker La-Z-Boy (LZB) gained 5% to $27.30 after the Monroe, Mich.-based company said it bought back the licenses for its chairs in the U.K. and Ireland from Furnico, boosting annual sales by $42 million. It also picked up nine East Coast chair outlets with annual sales of $35 million.