U.S. stock index futures rose on Wednesday morning after the S&P 500 and Nasdaq eked out fresh record closing highs on Tuesday.

Around 5:15 a.m. ET, Dow futures indicated an implied positive open of more than 110 points, while futures on the S&P and Nasdaq also climbed.

Traders continue to monitor the impact of the coronavirus outbreak. As of Tuesday night, China’s National Health Commission had reported 97 additional deaths with total confirmed cases passing 44,000.

U.S. Federal Reserve Chairman Jerome Powell on Tuesday testified in front of the House Financial Services Committee that the American economy is in a good place, but that the central bank is “closely monitoring” the potential global economic fallout from the virus.

Source : CNBC