Futures contracts tied to the major U.S. stock indexes pointed to a positive Wednesday open as Wall Street looked to add to healthy gains clinched earlier in the week.

The Nasdaq Composite, meanwhile, advanced 0.74% to 10,131.37, its 21st closing record for 2020. The Nasdaq’s gain on Tuesday also represented its eighth straight day of gains, its longest winning streak since December, when it advanced for 11 straight sessions. 

Shares of consumer technology company Apple rose 2.1% on Tuesday to reach a new all-time high, notching the benchmark one day after it unveiled new operating systems for its iPhone and computers. Apple pleased its investors further by announcing it will phase one Intel chips in favor of its own products when building new Mac devices.

Tuesday’s gains during regular trading followed a more turbulent overnight session after conflicting signals from the Trump administration on its landmark trade deal with China. Trump trade advisor Peter Navarro triggered confusion Monday evening after saying in an interview that deal was "over."

President Donald Trump then tweeted that the accord was “fully intact” and said he hoped Beijing would live up to its agreements in the deal.

The about-face from the White House highlighted the fragility of the accord struck between the globe’s two largest economies earlier this year. Tensions have been rising between the U.S. and China in recent months over the origins of the coronavirus pandemic and Beijing’s influence over Hong Kong.

Plan A : Short if market doesn't retrace much and supported firm above 10157.25. Targets are 10127.25, 10092.25 and 10059.75.
Plan B : Long if market supported firm above 10157.25. Targets are 10180.25, 10215.25 and 10253.50.
 

HSI

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Plan A : Short if market fails to break above 26075. Targets are 26030 and 25975.

Plan B : Cut above 26120.

Plan C :Long if market rebounds from 26075. Targets are 26115 and 26165.

Plan D : Cut below 26030.
 

The Dow gained 131.14 points, or .05%, to close at 26,156.10. The S&P 500 climbed 0.43% to 3,131.29. The Nasdaq Composite advanced 0.74% to 10,131.37. Strong gains from the Big Tech led the Nasdaq to an eight-day winning streak.

Apple shares rose 2.13% to a record high as Wall Street analyst and investors cheered a slew of announcements from the tech giant. One analyst hiked his price target on the stock to $400 per share from $325 per share. Microsoft and Amazon also hit all-time highs, rising 0.67% and 1.86%, respectively.

Tuesday’s gains came after a wild overnight session amid comments from White House trade advisor Peter Navarro. In an interview with Fox News, Navarro said the U.S.-China trade deal was “over.” The comment sent stock futures tumbling. However, Navarro later clarified his comments “had nothing at all to do with the Phase I trade deal, which continues in place.” This clarification sent stock futures back higher.

Weekly jobless claims data are set for release Wednesday morning.
 

Plan A : Long if market retraced slightly but supported firm above 3066.25. Targets are 3090.75, 3113.25 and 3131.50.

Plan B : Short if market failed to support above 3066.25. Targets are 3040.25, 3018.50 and 2998.25.

Hong Kong shares reversed early losses to end more than 1.5% higher on Tuesday after President Donald Trump clarified that the U.S.-China trade deal was still in force, calming investors spooked by comments from a trade adviser.

At the close of trade, the Hang Seng index was up 396.00 points or 1.62% at 24,907.34.