us stock futures were little changed wednesday leaving wall street benchmarks on course for their highest open since april 2022 as earnings underpin investor sentiment on tuesday the dow jones industrial average djia rose 367 points or 106 to 34952 the sp 500 spx increased 32 points or 071 to 4555 and the nasdaq composite comp gained 109 points or 076 to 14354 optimism that a wellreceived corporate earnings season can help stocks extend their latest rally leaves wall street benchmarks in line for their highest open in 15months results from the banking sector which kicked off the second quarter results parade have generally gone down well with investors and wednesday sees more financials in the form of goldman sachs gs and us bancorp usb  after the closing bell some market darlings take the stage with tesla tsla and netflix nflx presenting their figures also underpinning sentiment is hope that cooling inflation can help central banks soon stop increasing borrowing costs and that the interest rate rises to date have yet to badly damage the us economy on that front there was some better news from the uk where data showing consumer prices rose at their slowest pace in more than a year sparked not only a slide for the pound gbpusd but also a drop in us tmubmusd10y and european government bond yields and to a lesser extent a brief uptick in sp 500 futures “markets took some solace from the latest corporate and economic news with hopeful signs that runaway inflation may be abating” said richard hunter head of markets at interactive investor “in the us the likelihood of a further interest rate rise next week from the federal reserve is all but a done deal although more recent indicators suggest that the hike could mark the end of its aggressive monetary tightening offensive the current reporting season is off to a strong start albeit against low expectations pointing to an economy which has yet to suffer from the rising interest rate environment hunter added mark newton head of technical strategy at fundstrat said the stock market’s recent gains means a period of consolidation may be nearing but that the technical set up remains positive “it remains difficult to get too bearish when djia and the dow jones transportation average  have just broken out to the highest levels since last spring while key index constituents like msft have just broken out to new alltime high territory it’s necessary to await the reversal at present as discussed above market structure is improving not deteriorating the next 79 trading days of july should offer some clues in this regard” said newton us economic updates set for release on wednesday include housing starts and building permits for june due at 830 am eastern