Stock futures had little change as investors waited for more clarity regarding the debt ceiling negotiations and Walmart's earnings.
Biden expressed his confidence in the future on Wednesday
A default would be avoided
This boosted the market's sentiment. Investors want confirmation that the talks are moving forward toward a solution.
The weekly jobless claims will be released at 8:30 am. At 10 a.m. ET, existing home sales will be released. Walmart and Alibaba both have results to report ahead of the U.S. opening.
The future hovered.
Futures contracts tied to S&P 500, Dow industrials and Nasdaq 100 all gained 0.1%.
Bond yields are on the rise.
Ten-year Treasury Yield
Four days of gains were extended into a fifth. It rose to 3.594% from 3.580% the previous day.
Stocks of regional banks rose in premarket trade.
PacWest increased by 6%, while Western Alliance grew by 2.5%.
The global stock markets rose
The U.S. market's strength propelled the Nikkei index in Japan to a 1.6% gain and Hong Kong's Hang Seng Index to a 0.9% increase.
Strong performance on Wednesday
The Stoxx Europe 600 rose 0.6%.
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