Wall Street is set for a third session of gains on Wednesday, with solid results from some of the market's heavyweights allaying fears about the Fed's monetary policy.

Half an hour before the opening, futures on both the S&P 500 and the Nasdaq 100 were up between 0.1% and 0.4%, suggesting a continuation of the positive momentum seen since the start of the week.

The enthusiasm at the start of the day is fuelled by optimism on the part of companies, reflected in quarterly accounts that were often better than expected.

Boeing reported a first-quarter loss this morning, as a result of quality and safety problems with its 737, but its figures turned out to be much worse than expected.

AT&T, for its part, was pleased with its 'consistent and solid' performance over the first three months of the year, which enabled it to reaffirm its financial forecasts for the full year.

Also in the spotlight, Tesla is expected to rise by more than 11% at the opening, despite the electric vehicle manufacturer's lacklustre results last night.

Tesla has confirmed that it expects volume growth in 2024", say the HSBC teams, who welcome the prospect of an entry-level model in the near future.

The 'Next Gen' vehicle has turned into a less radical project, but we have had confirmation that new models are on the way", says the investment bank.

Earnings releases will continue this evening after the close, with announcements from Meta Platforms and IBM gaining ground in electronic trading.

Investors are also keeping an eye on economic indicators, looking for clues as to when the Federal Reserve will lower interest rates.

The announcement of a much stronger-than-expected 2.6% rise in durable goods orders in March rules out any immediate need for monetary easing, sending the yield on 10-year Treasuries back up to 4.65% and the dollar to around 1.0685 against the euro.

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