After starting the New Year off on a negative note, stocks may move to the upside in early trading on Wednesday. The major index futures are currently pointing to a higher open for the markets, with the S&P 500 futures up by 0.6 percent.
Wall Street may benefit from strength in overseas markets, which moved higher following encouraging European inflation data and indications the latest Covid wave in China may have peaked.
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May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.