Futures tied to US equities were marginally higher on a shortened Wednesday session, holding gains from earlier in the week on expectations that the current economic backdrop continues to favor earnings prospects next year.
The S&P 500 was due to open slightly higher at a record high, while the Dow and Nasdaq 100 were also set to inch higher.
The first estimate of the third-quarter GDP aggregates released yesterday was well above expectations for an annualized expansion of 4.3%, reflecting robust private consumption and limiting concern that tariffs hampered spending or triggered a bounce for inflation.
Tech giants loosely held their traction from earlier in the week despite the lingering skepticism that the sector’s valuations may be overstretched.
Still, Intel was due to open over 3% down on reports that Nvidia halted a test that would use Intel’s equipment for chips.
Exchanges will close on Thursday for Christmas holidays.