Wall Street appears ready to extend its big rally into a second day.
Stock index futures are pointing sharply higher after markets around the world followed the lead of U.S. investors who bought stocks furiously Tuesday on news that Citigroup Inc. was operating at a profit.
However, analysts were still very cautious, noting that it's common for the stock market to blip up after a prolonged period of selling. They also noted that investors are still well aware of the many problems facing the economy.
Still, Wall Street had its best performance of 2009, with the Dow Jones industrials surging nearly 380 points.
Ahead of the market's open, Dow futures are up 94 at 6,981. Standard & Poor's 500 index futures are up 13.20 at 729.20, while Nasdaq 100 index futures are up 16 at 1,122.