U.S. stock futures rose about 0.7 percent on Wednesday, joining a global equities rally, as President Donald Trump's encouraging comments fueled optimism over trade negotiations between the United States and China.
Trump, in an interview with Reuters, said trade talks with Beijing were taking place by phone and he would not hike tariffs on Chinese imports until he was sure about a deal.
He also said he would intervene in the Justice Department's case against a top executive at China's Huawei Technologies [HWT.UL] if it would help secure a trade deal.
Trump's optimistic comments helped set S&P 500 equity futures on course for their biggest one-day percentage jump since Dec. 3. The gains come a day after another volatile session ended with Wall Street finishing slightly lower after Trump's threat to shut down the U.S. government and political uncertainty in Britain.
Technology stocks, particularly chipmakers, which are sensitive to trade-related news, rose in premarket trading.
Among Dow components, Apple Inc (O:AAPL), Cisco Systems Inc (O:CSCO), Microsoft Corp (O:MSFT), Intel Corp (O:INTC) gained between 1.1 percent and 1.6 percent.
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