The USA500 is currently trading above 5,200 levels.
On Wednesday, US futures showed a slight uptick amidst a cautious week for investors leading up to Friday's PCE data release.
S&P 500 futures increased by 0.33%, while Dow Jones Industrial Average futures rose by 0.35% and Nasdaq 100 futures climbed by 0.36%.
Stocks closed lower on Tuesday as the market retreated further from last week's rally.
The S&P 500 experienced its third consecutive day of decline, finishing 0.28% lower. The Nasdaq Composite also saw a decrease of 0.42%, while the Dow slipped by 0.08%.
Despite these declines, equities have had a strong start to the year and are poised to end the month with gains.