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US Stock Futures Edge Higher as Markets Reopen After Christmas Break

US stock futures were in positive territory Wednesday as traders returned from the Christmas holiday break and assessed President Trump's comments that he was confident in Treasury Secretary Steven Mnuchin and in the American economy.

Oil prices nudged higher with global benchmark Brent crude up 1.09%, while US crude West Texas Intermediate was up 1.74% recently after reaching new lows on worries over the global economy.

At 9 am, data are expected to show a 0.4% growth in the S&P Corelogic Case-Shiller index for October following a 0.3% gain in the previous month, according to data compiled by Econoday.

At 10 am, the Richmond Fed manufacturing index is expected to come in unchanged at 14 for December.

In equities, shares of JD.com ( JD ) were 3.1% higher pre-bell after the e-commerce company launched a $1 billion share buyback program.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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