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Inventory futures are larger after investor worries concerning the debt ceiling fade

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US stock futures rose slightly on Wednesday evening after the Dow Jones Industrial Average retook 459 points from earlier in the day as investor concerns about a debt ceiling eased.

The Dow Jones Industrial Average futures rose 181 points. The futures on the S&P 500 and Nasdaq 100 were also in positive territory.

In regular trading, the Dow rose 102.32 points to 34,416.99, catching up 459 points from earlier in the session. The S&P gained 0.4% after falling to 1.27%. The Nasdaq Composite rose 0.5% after falling 1.2%.

Goldman Sachs’ Chris Hussey said October was an expected volatile month, driven by uncertainty over US fiscal and monetary policies, as well as supply chain constraints, in a note Wednesday. Markets could also easily enter third quarter earnings season starting next week, he added.

On Wednesday, Senate minority leader Mitch McConnell offered a short-term suspension of the U.S. debt ceiling to avert a national default and economic crisis that economists have warned could be disastrous. On Tuesday Treasury Secretary Janet Yellen warned that the US should “fully expect a recession” in this case.

Investors bought the decline in technology stocks, which took a hit earlier in the week as reopening games wore off.

“We anticipate that Congress will add an increase in the debt ceiling to tax and spending regulations as part of a fiscal recovery package,” said Paul Christopher, director of global market strategy at the Wells Fargo Investment Institute.

“As the deadlines draw near without an agreement to raise the debt ceiling, heightened risk aversion could trigger more market volatility, but we believe that economic expansion will ultimately be the main impact on stock and bond prices until next year,” he added .

ADP reported that private companies were shut down faster than expected last month, despite concerns about the Delta variant. Private jobs rose 568,000 for the month, better than economists’ Dow Jones estimate of 425,000.

On the data front are initial jobless claims and consumer credit claims on Thursday.

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