President Barack Obama will meet with top House Republicans at the White House to seek a path beyond a confrontation that has left the government shuttered for close to two weeks.
House Republican leaders appear to be ready to advance a short-term debt limit increase that would prevent the first default on U.S. debt next week.
Dow Jones industrial futures are up 0.7% and the S&P futures gained 0.9%. Nasdaq futures are up 0.9%.
All major U.S. averages have taken a beating this month as a partial shutdown of the U.S. government dragged on and the risk of a possible default on its debt increased.
"I think investors are facing what has become an all too familiar but nevertheless difficult task of correctly pricing in the risk of the U.S. reaching its debt ceiling," said Ric Spooner, chief of CMC Markets in Sydney.
FIDELITY: Sheds government bonds
Wall Street rose slightly on Wednesday. The Dow rose 0.2% to close at 14,803. The S&P 500 rose 0.1% at 1,656. The Nasdaq fell 0.5%, to 3,677.
WEDNESDAY: Stocks close with small gains; Nasdaq drops
In Asia Thursday, Japan's Nikkei rose 1.1% to 14,194.71. Benchmarks in Europe traded higher. Britain's FTSE 100 index added 0.8% and France's CAC 40 index shot 1.6% higher. German stocks also saw strong gains.
Benchmark crude for November delivery was up 2 cents to $101.63 per barrel in electronic trading on the New York Mercantile Exchange. The contract fell $1.88 to close at $101.61 a barrel on the Nymex on Wednesday.
Contributing: Associated Press
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