US futures slightly higher

New York - US stock index futures were slightly higher on Wednesday, suggesting the market's recent upswing that has taken indexes to repeated records, was set to continue with little on the horizon to derail the rally.

The US bourse is set to open higher as European leaders get ready to meet. Credit: REUTERS

Both the Dow and the S&P have risen in 10 of the past 13 sessions, and the S&P has closed at a record 30 times this year, according to S&P Dow Jones Indices.

Nonetheless, further pronounced gains may be a challenge, given the few positive catalysts as well as potential headwinds like a reduction in US Federal Reserve stimulus and the conflict between Ukraine and Russia.

Much of the recent gains have come on low volume, suggesting investors are reluctant to jump in at current levels.

Dow Jones industrial average e-mini futures rose 15 points and Nasdaq 100 e-mini futures added 1.75 points.

Activist investor Bill Ackman, who supports a hostile bid for the company by Valeant Pharmaceuticals, will attempt to oust most of the Allergan board.

The wearable camera maker has reported heightened demand since August 9, when a white police officer shot and killed an unarmed black teen in Ferguson, Missouri, triggering weeks of protests.

In comments that could escalate the standoff, Ukrainian Prime Minister Arseny Yatseniuk said Kiev knew of plans by Russia to halt gas flows this winter to Europe. - Reuters