The Dow Jones was up in early trading on Wednesday, adding 50.73 points (0.65%) to 7,840 shortly before 10am local time.
Aluminium producer Alcoa advanced the most, adding 4.11% to $8.11, despite reporting a Q1 loss of $480m ($0.59 per share) last night.
General Motors (GM) gained 3.4% to $2.07 following news GM and Chrysler have launched supplier support programmes backed by up to $5bn in US government funds.
Elsewhere, DIY giant Home Depot rose more than 3% to $25.12 while construction firm Caterpillar advanced 2.48% to $30.18.
JPMorgan Chase is the day's biggest loser so far, shedding 1.91% to $26.73, after the Bank of America cut earnings forecasts for the group.
Bank of America has also seen its share price drop this morning, by 0.54% to $7.32, thanks to a damning report by national investment boutique Oppenheimer & Co. The firm said the Bank would need to raise $36.6bn in equity to bring its capital ratios in line with other big US lenders.
In the UK, the FTSE 100 looks set to close in the red. At shortly before 3.30pm, the index had dropped more than 31 points, or 0.79%, to 3,899.46.IFAonline
What made financial headlines over the weekend?
Q2 net sales dropped almost 50%
‘Important to have an anchor’
Lack of innovation for solutions