U.S. stock index futures were sharply higher Wednesday morning.
At around 04:00 a.m. ET, Dow futures rose 236 points, indicating a positive open of more than 235 points. Futures on the S&P and Nasdaq were both higher.
The moves in pre-market trade come after a report showed growth in China’s services sector had expanded at its fastest rate in three months in August, despite broader economic headwinds.
The Caixin/Markit Services Purchasing Managers’ Index (PMI) came in at 52.1 in August — its highest reading since May. The 50-mark in PMI readings separates growth and contraction.
Source : CNBC