The Dow is sooo close to 17,000 after hitting a new record high Tuesday. Will it get there today?
Here are the five things you need to know before the opening bell rings in New York.
"The bull lives on," said Peter Cardillo, chief market economist at Rockwell Global Capital. Stocks were being propelled by a sense of economic confidence, especially regarding the job market, he said.
The CNNMoney Fear & Greed index is currently pointing to 'extreme greed'.
2. Economic data to watch: There's a handful of economic data releases due Wednesday morning. The most influential could be the ADP employment report for June due at 8:15 a.m. ET, providing a preview to Thursday's jobs figures.
Then at 10 a.m., the U.S. government will report the monthly change in factory orders for May.
3. Yellen speaks, markets listen: The head of the Federal Reserve, Janet Yellen, will be speaking at the International Monetary Fund at 11 a.m. Investors will be watching for clues as to how long the Fed will wait to raise interest rates once its bond-buying program ends later this year.
4. Potential stock movers -- JPMorgan, AbbVie: Investors will be watching JPMorgan ( shares after )CEO Jamie Dimon announced he was diagnosed with a curable throat cancer. He will continue working as he undergoes treatment.
Shares in the pharmaceutical firm AbbVie ( were volatile in premarket trading. The company has been looking to take over rival )Shire ( in the U.K. but has faced )continued resistance from Shire's management.
5. International markets overview: European markets were mostly higher in early trading.
All the major Asian markets ended with gains, taking their cue from Wall Street's record-setting run Tuesday.