Stock futures were building on Tuesday's gains, setting the Dow Jones Industrial Average up to finally hit 20,000 after the open.
The Trump-rally was rekindled on Tuesday after the president signed executive orders to streamline regulations for "high-priority" infrastructure projects, and to resume construction on the Keystone and Dakota Access pipelines, driving industrial and material stocks sharply higher.
Fourth-quarter earnings are also encouraging investors with results from Dow component stock Boeing ( BA ) beating earnings and revenue estimates, while Alcoa ( AA ) and Novartis ( NVS ) missed on earnings but reported better-than-expected revenue.
In other corporate news, Cisco ( CSCO ) said it will acquire AppDynamics for $3.7 billion, Textron ( TXT ) is buying Artic Cat (ACAT) for $247 million, while Bob Evans (BOBE) is getting into the potato business by selling its restaurants to Golden Gate Capital for $565 million, and buying Pineland Farms Potato Company for $115 million.
-Dow Jones Industrial up 0.42%
-S&P 500 futures up 0.38%
-Nasdaq 100 futures up 0.48%
Nikkei up 1.43%
Hang Seng up 0.43%
Shanghai Composite up 0.22%
FTSE-100 up 0.41%
DAX-30 up 1.50%
PRE-MARKET SECTOR WATCH
(+) Large cap tech: Higher
(+) Chip stocks: Higher
(+) Software stocks: Higher
(+) Hardware stocks: Higher
(+) Internet stocks: Higher
(+) Oil stocks: Higher
(+) Biotech stocks: Higher
(+) Drug stocks: Higher
(+) Financial stocks: Higher
(+) Retail stocks: Higher
(+) Industrial stocks: Higher
(+/-) Airlines: Flat
(+) Autos: Higher
(+) ACAT (+41.18%) Agreed to be acquired by Textron ( TXT ) for $247 million
(+) BOBE (+14.29%) Will sell Bob Evans restaurants to Golden Gate Capital for $565 million and acquire Pineland Farms Potato Company
(+) LOGI (+13.73%) Reported better-than-expected fiscal Q3 results
(+) STX (+12.98%) Beat Q2 estimates and issued strong revenue forecast for Q3
(+) OREX (+3.85%) Launched Mysimba in Spain
(-) HZN (-11.97%) Reported preliminary 2016 results, announced proposed offering of 4.03 million shares and $115 million in convertible notes
(-) TXT (-8.93%) Missed Q4 revenue and EPS estimates, acquiring Artic Cat
(-) NEWT (-4.74%) Reported a 1.5 million share offering
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