The major U.S. index futures on the Dow Jones, S&P and Nasdaq are currently pointing to a higher open on Wednesday, with stocks likely to see further upside after moving notably higher over the two previous sessions.

U.S. stocks soared Monday after Washington and Beijing struck a surprise deal to dramatically cut tariffs, marking a rare moment of clarity and good news in an otherwise volatile environment.

U.S. stocks soared Monday as investors celebrated major progress on a U.S.-China trade deal. The Dow added over 1,100 points, exiting correction territory, while the Nasdaq Composite began a fresh bull market.