Futures Pointing To Extended Rally On Wall Street

Stocks are likely to move to the upside in early trading on Wednesday, adding to the strong gains posted over the past several sessions. The major index futures are currently pointing to a higher open for the markets, with the S&P 500 futures up by 0.5 percent.

The markets may continue to benefit from recent upward momentum, which has propelled the Dow and S&P 500 to new record highs.

Buying interest has recently been generated in reaction to a sharp decline by the price of crude oil, which plunged by more than 10 percent over the two previous sessions.