U.S. equity futures rose on Wednesday evening following a rally on the heels of a sharp decline in the price of oil and certainty around the Democrats' midterm wins.
Futures tied to the Dow Jones Industrial Average rose 90 points, or 0.2%. S&P 500 futures were up 0.1%, and Nasdaq-100 futures were flat.
After the bell on Wednesday, chipmaker Qualcomm reported earnings that beat estimates, but fell 6.5%. AppLovin, the artificial intelligence-powered advertising company, surged almost 24% after delivering better-than-expected results and issuing guidance that beat estimates.
Stocks on Wednesday rallied as oil prices dipped, with West Texas Intermediate crude futures falling more than 8% to settle at $88.12 a barrel. The Dow gained more than 1,500 points, or 3%, to post its best day since April 2025, while the S&P 500 advanced 1.6%.
Those moves came after Vice President JD Vance blamed the Iran war for Republican losses in the midterms on Tuesday.