US open: Stocks reverse yesterday's losses at the bell
Wall Street stocks clawed back yesterday's losses following the bell on Wednesday amid conflicting messages from the President regarding his stance on further economic stimulus payments.
As of 1530 BST, the Dow Jones Industrial Average was up 1.53% at 28,196.75, while the S&P 500 was 1.28% firmer at 3,403.88 and the Nasdaq Composite came out the gate 1.05% stronger at 11,271.30.
The Dow opened 423.99 points higher on Tuesday, reversing losses recorded yesterday after Donald Trump called for a halt to further stimulus talks until after the US general election in early November despite urging lawmakers to strike a deal as soon as possible only days earlier.
Stocks were higher at the open on Wednesday after the President called for aid to airlines and other stimulus measures overnight. However, it remained to be clear as to whether or not Trump was dialling back his move to halt stimulus talks with Democratic Party lawmakers.
Trump implored Congress to approve airline payroll support, stating that money and aid for small business would be paid for with unused funds from the previous stimulus, leading to shares in the likes of United Airlines and Delta both flying higher in pre-market trading. He also asked Congress to approve a $1,200 stimulus check for Americans.
On the macro front, minutes from the Federal Reserve Open Markets Committee's most recent meeting will be published at 1900 BST, while consumer credit change data for August will be released at 2000 BST.
Federal Reserve Presidents Neel Kashkari, John Williams and Thomas Barkin will all deliver speeches throughout the course of the day.
No major corporate earnings were slated for release on Wednesday.