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Market Snapshot: Stocks look to close out an ugly October on a high note as Facebook shares pop

Stocks were on track to open higher Wednesday, potentially setting the stage to close out an ugly October on a positive note, as buying momentum followed through from Tuesday’s sharp gains.

Gains in Facebook in premarket action come after its quarterly report late Thursday and may be partly behind a shift in mood, but investors remained uncertain if any change in sentiment heralded a more permanent attitude adjustment.

How are benchmarks faring?

Futures for the Dow Jones Industrial Average YMZ8, +0.96% were up 223 points, or 1.1%, at 25,082, while S&P 500 index futures ESZ8, +1.08% advanced 26.4 points to 2,711, a rise of 0.8%.

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