U.S. stocks futures climbed on Wednesday, setting the Dow industrials on track for a seventh straight day in record territory as Microsoft rallied premarket after better-than-expected earnings.
Futures for the Dow Jones Industrial Average rose 62 points, or 0.3%, to 18,539, after the index closed at an all-time high Tuesday for a sixth session in a row.
Futures for the S&P 500 index gained 6.55 points on Wednesday, or 0.3%, to 2,165.25, while those for the Nasdaq-100 index added 14.75 points, or 0.3%, to 4,621.25.
Earnings season: Both the S&P 500 and Nasdaq Composite Index closed lower on Tuesday as the broader market retreated after disappointing quarterly results from Netflix Inc.(NFLX). The online-streaming service sank 13% for its worst percentage drop in a single day since October 2014.
On a more upbeat note in the earnings season, shares of Microsoft Corp.(MSFT) jumped 4.3% ahead of the bell after the software giant's earnings released late Tuesday beat analyst forecasts. The company also said its cloud and productivity businesses posted revenue growth, even as overall sales fell.
The financial sector continues to impress. In notable earnings on Wednesday, Morgan Stanley (MS) reported earnings and revenue that beat Wall Street's expectations, sending shares up 3.2% premarket. The report comes after Goldman Sachs Group Inc. (GS), J.P. Morgan Chase & Co (JPM) and Citigroup Inc.(C) also all beat on earnings for the second quarter.