Dow Jones Industrial Average futures rose 506 points, or 1.3%. Futures tied to the S&P 500 popped 1.6%, while Nasdaq 100 futures surged 1.7%. The rally in futures came after Trump said late Tuesday that he has " no intention " of firing Powell, whose term as Fed chair will end in May 2026.

The moves come after each of the three major averages saw a third weekly decline in the last four trading weeks.