09:11 AM EDT, 10/15/2025 (MT Newswires) -- US equity futures were up ahead of Wednesday's opening bell, lifted by strong quarterly earnings from Bank of America ( BAC ) , while US-China trade tensions lingered.

Dow Jones Industrial Average futures were 0.5% higher, S&P 500 futures were up 0.7%, and Nasdaq futures were 1% higher.

Bank of America ( BAC ) reported higher Q3 earnings and revenue that also topped analysts' estimates.

In a social media post on Tuesday, President Donald Trump said the US is "considering terminating business with China having to do with Cooking Oil, and other elements of Trade, as retribution."

Oil prices were higher, with front-month global benchmark North Sea Brent crude up 0.6% at $62.77 per barrel and US West Texas Intermediate crude 0.8% higher at $59.17 per barrel.

The Empire State Manufacturing Index, released at 8:30 am ET, came in at 10.7 for October after a negative 8.7 reading in September, compared with estimates compiled by Bloomberg for negative 1.8.

In other world markets, Japan's Nikkei closed 1.8% higher, Hong Kong's Hang Seng ended 1.8% higher, and China's Shanghai Composite finished 1.2% higher. Meanwhile, the UK's FTSE 100 was down 0.4%, and Germany's DAX index was flat in Europe's early afternoon session.

In equities, Bank of America ( BAC ) shares were 4% higher pre-bell. Veritone ( VERI ) stock was up 47% after the company said late Tuesday it has secured several data refinery contracts.

On the losing side, Sable Offshore ( SOC ) shares were 23% lower after the company said a tentative court ruling denied its claims for damages against the California Coastal Commission.