U.S. futures are rising after a dip in trading Tuesday that snapped a five-session winning streak for the S&P 500 and Dow Jones Industrial Average.
The S&P, Dow and Nasdaq were all climbing 0.6% in premarket trading Wednesday.
World markets were showing mixed results, with Asia declining and European indices increasing. The Hang Seng fell less than 0.1% today while the Nikkei dropped 0.8% and the Shanghai Composite declined 1.3%. In Europe, the FTSE 100 was gaining 0.7%, the DAX advancing 1.3% and the CAC 40 rising 1.2% with about three hours left in trading across the Atlantic.
Oil prices were also recovering from a Tuesday afternoon swoon, with international benchmark Brent crude for May delivery increasing $0.90 to $40.55 per barrel and West Texas crude for April delivery rising $0.78 to $37.28 per barrel.
Oil prices will be under scrutiny today as the market anticipates the 10:30 a.m. EST release of the latest U.S. Energy Information Administration weekly status report.
Shares of Chipotle (CMG) will be under pressure today after the company announced that it had to temporarily close a store in Massachusetts after four employees contracted norovirus. The company's stock took a hit last year after it had to readjust its food safety measures following two E. coli and two norovirus outbreaks.
Apparel maker Express (EXPR) was climbing premarket after beating analysts top- and bottom-line fourth-quarter expectations. The company saw its EPS grow 37% to $0.67 in the quarter.
General Mills (GIS) could see some increased interest today after the company announced that it expects to meet its organic production goals by 2019 while also announcing that it increased its quarterly dividend to $0.46 per share from $0.44.
Darden Restaurants (DRI) could get a boost today after the company provided fiscal third-quarter earnings guidance between $1.18 and $1.21 per share vs. analysts' consensus $1.05 expectations.
Carmike Cinemas (CKEC) will likely also see some pressure today after the company's largest shareholder announced opposition to its $1.1 billion sale to AMC Entertainment (AMC). Mittleman Brothers LLC, which holds a 7.1% stake in the company, said that it opposes the deal and would encourage other investors to do the same because the $30 per share offer was unacceptably low. Mittleman Brothers believes that Carmike is worth closer to $40 per share.