Futures were higher late Tuesday, hinting that investors may be ready to give thanks for the rally ahead of Thanksgiving, after setting fresh records Tuesday on the back of Donald Trump's election as the 45th president.
The Dow Jones Industrials were up 0.07%, the S&P 500, 0.05%, and Nasdaq, 0.1%, at 9:09 p.m. EST.
The futures show that the post-election rally is likely to continue even with the pre-holiday low volume. However, investors still at their screens Wednesday will also have to digest a dinner table full of economic information, including an indication of consumer sentiment, which has been upbeat recently, as well as minutes from the most recent Federal Reserve meeting, which will probably reinforce expectations of a December rate increase.
The Dow closed up 0.35% Tuesday, cresting the 19K mark, at 19,023.87, while the S&P added 0.22% to 2,202.94. Nasdaq gained 0.33% to 5,386.35. Europe also kept the rally going with Germany's Dax gaining 0.27%, the FTSE in London, 0.62%, and France's Cac, 0.41%.
Asia also opened higher across the board, bolstered by an ever-weakening yen and strengthening oil. Japan's Nikkei rose 0.31%; the ASX in Australia, 0.9%; the Hang Seng in Hong Kong, 0.45%; and the Kospi in South Korea, 0.37%, at 9:28 p.m. EST, even after authorities raided Samsung's corporate offices as part of a corruption investigation.
A dollar can now buy ¥111.065, slightly less than at Tuesday's close, and well above the ¥103 of a month ago.
In energy, a barrel of industry standard Brent crude cost $49.18, an increase of 0.12%, while a barrel of West Texas crude traded for $48.09, up 0.12%, at 9:14 p.m. EST. Both prices represent futures for delivery January.
Despite the rally, some big names suffered in after-hours trade. Hewlett Packard Enterprise (HPE) slipped 1.79% to $22.46, after the corporate computer-systems maker posted mixed results for the fiscal fourth quarter, which ended Oct. 31.
Palo Alto, Calif.-based HPE reported adjusted earnings of 61 cents a share on revenue of $12.5 billion. Revenue declined 7% over the prior-year quarter. Analysts surveyed by FactSet expected EPS of 60 cents on $12.8 billion in revenue.
And shares of Urban Outfitters (URBN) plummeted 10.02% to $35.10 in extended trading after the clothier reported weaker-than-anticipated results for the 2016 third quarter and a decline in sales at its Anthropologie and Free People brands.
The Philadelphia-based retailer posted adjusted earnings of 40 cents per diluted share, below the consensus estimate compiled by FactSet of 44 cents per share. Revenue climbed 5% to $862.5 million year over year, but Wall Street had expected $869.2 million.