Stocks: Optimistic after see-saw moves

January 15, 2014: 5:04 AM ET
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NEW YORK (CNNMoney)

It's been a see-saw week so far for markets but stocks look set to rise Wednesday as investors grow more confident about earnings season.

U.S. stock futures were all moving higher ahead of the market open.

Investors are waiting for Bank of America (BAC) to report quarterly results before the opening bell, after JPMorgan (JPM) and Wells Fargo (WFC) posted solid earnings figures Tuesday.

Those results encouraged bullish market sentiment, leading stock markets to close with significant gains. Stocks had tumbled Monday, with the Dow Jones industrial average dropping by nearly 200 points.

Related: Fear & Greed Index

Investors and traders are also waiting on the Bureau of Labor Statistics to release its monthly report on producer prices at 8:30 a.m. ET, while the New York branch of the Federal Reserve will publish its monthly manufacturing index.

At 2:00 p.m., the Federal Reserve will release its closely-watched Beige Book report, a compilation of data on regional economies.

Related: How to invest when the market feels scary

General Motors (GM) shares rose 3% in after-hours trading Tuesday after the automaker announced that it will pay its first dividend since 2008.

Burberry (BBRYF) shares were surging in London Wednesday morning -- up by roughly 5.5% -- after the luxury retailer reported a 14% jump in retail revenue in the third quarter, which includes the holiday season.

The main European stock market indexes were all rising in morning trading. Germany's DAX index was leading the pack as it moved ahead by nearly 1%.

Asian markets mostly closed the day with gains, with the Nikkei rallying by 2.5% after a big loss Tuesday.

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Markets
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Index Last Change % Change
Dow 16,380.41 263.17 1.63%
Nasdaq 4,258.44 41.05 0.97%
S&P 500 1,886.76 24.00 1.29%
Treasuries 2.20 0.05 2.14%
Data as of 6:21am ET
Company Price Change % Change
Bank of America Corp... 16.21 0.13 0.81%
General Electric Co 24.82 0.57 2.35%
Microsoft Corp 43.63 0.89 2.08%
Intel Corp 31.38 0.53 1.72%
Alcoa Inc 15.62 1.02 6.99%
Data as of Oct 17