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The Dow is predicted to rise for a fourth day after Disney reported better-than-expected earnings

US stock futures rose Wednesday, and the Dow Jones Industrial average should rise for a fourth day.

Dow futures rose 185 points, or 0.7%. The S&P 500 futures rose 0.5%. Nasdaq 100 futures rose 0.3%.

Gains were capped as investors looked for advances in a new corona virus stimulus package from Washington.

The White House and the leaders of the Democratic Congress have reported some progress in the negotiations, but they remain separate on some issues.

"I think the expectation for the market is that we will get this incentive," Ally Invest's Lindsay Bell said in CNBC's "Closing Bell" on Tuesday. "It may take a few weeks for these people to get their added benefits, or there may be uncertainty about evictions, and this uncertainty can result in some volatility."

Better than expected Disney earnings contributed to the mood on Wall Street. The theme park and media giant achieved a profit of 8 cents per share, while analysts expected a loss of 64 cents per share. Disney said it now has 100 million paid subscribers through its streaming services, including Disney +, Hulu, and ESPN +.

Disney shares rose 6% in premarket trading.

All three major averages posted gains on Tuesday. The Dow Jones Industrial Average rose more than 150 points for the third time in a row. The S & P 500 rose by around 0.35%.

The Nasdaq Composite rose 0.35%, hitting a record high for the fifth year in a row.

The winning season continues on Wednesday. CVS Health, Humana and Moderna report in front of the opening bell. After the market closed on Wednesday, Etsy, Roku and Square will report on their quarterly results.

There is a series of economic news on Wednesday morning that could move stocks. ADP's private salary data will be released at 8:15 a.m.CET, and investors will see if companies continue to bring workers out of their pandemic leave in July. Economists surveyed by Dow Jones estimate that 1 million private workers were hired in July, up from 2.369 million in June.

The final reading of the PMI for July services will be published at 9:45 a.m.ET. Economists surveyed by Dow Jones expect a value of 49.6, just as in June. Finally, the ISM non-manufacturing poll is released at 10:00 a.m.CET. Economists estimate a red of 55 from 57.1 in June, according to Dow Jones.

The Wall Street Journal said that US trade representative Robert Lighthizer and Chinese Vice Premier Liu will meet on Tuesday in mid-August to discuss the US-China Phase One trade agreement.

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