U.S. stocks traded higher Wednesday, following a global rally on encouraging China trade data, and helped by JPMorgan’s earnings beat.
The Dow Jones industrial average gained more than 100 points soon after the open. Goldman Sachs and JPMorgan Chase contributed the most to gains.
Financials are the worst performing sector in the S&P 500 for the year so far.
The Nasdaq composite gained more than 1 percent with Apple and Amazon.com leading major tech stocks higher.
Earnings: Pier 1 Imports, Kinder Morgan, Noble
10 a.m. Business inventories
10:30 a.m. EIA oil inventories
1 p.m. $20 billion 10-year note auction
2 p.m. Beige book
Earnings: Bank of America, BlackRock, Wells Fargo, PNC Financial, First Republic Bank, Freeport-McMoRan, Snap-on, Advanced Micro, Delta Air Lines, Shaw Communications, Infosys
8 a.m. Bank of Japan Governor Haruhiko Kuroda at CFR, New York
8:30 a.m. Jobless claims
8:30 a.m. CPI
10 a.m. Atlanta Fed President Dennis Lockhart
10 a.m. Fed Gov. Jerome Powell at Senate Banking subcommittee
1 p.m. $12 billion 30-year bond auction