Futures for the Dow Jones Industrial Average were up 10 points at 13,448, while those for the S&P 500 index rose 1.50 points to 1,509.
Nasdaq 100 futures gained 1.5 points to 1,885.
Among blue chips, Citigroup rose 1.6% after hedge-fund manager Edward Lampert -- better-known as the chairman of Sears Holdings -- disclosed he bought more than 15 million shares in the bank.
Hewlett-Packard gained 1.3% ahead of posting quarterly results after the close.
But technology shares might come under pressure. Applied Materials fell 4.3% in pre-open trade after forecasting flat sales in its fiscal third quarter and up to a 15% drop in orders.
Rival chip equipment makers KLA-Tencor , Lam Research and Novellus Systems also came under selling pressure before the open.
Elsewhere among tech shares, Agile Software rose 13% after agreeing to be bought by Oracle Systems for $495 million, or $8.10 a share, a 14% premium to Tuesday's close.
The market showed little immediate reaction to news that U.S. home builders pulled back on filing for permits to build homes in April, but started construction on more houses than they did in March.
Building permits fell 8.9% to 1.429 million in April, the lowest since June 1997, and the largest percentage decline in 17 years. The number was much lower than the 1.51 million pace expected by economists surveyed by MarketWatch.
Meanwhile, the number of new houses started increased by 2.5% to 1.528 million, higher than the 1.48 million pace expected.
"On a trend basis starts and permits tell the same story," said Ian Shepherdson, chief U.S. economist at High Frequency Economics. "But looking at the data over short periods, permits matter much more than starts because they are less affected by the weather."
"The drop in April permits is therefore alarming," Shepherdson said, although he noted that an early Easter may have impacted the data.
The stock market, however, has shown little concern about a slowing economy recently.
Stocks finished mixed on Tuesday after news of weaker-than-expected consumer prices in April eased concerns about inflation, boosting hopes that the Federal Reserve will be able to cut interest rates to boost a slowing economy.
But there was further confirmation of a weak trend in consumption after reports from Home Depot and Wal-Mart Stores .
A few more earnings reports were still trickling through Wednesday.
Sony rose 3.4% after the Japanese electronics giant said this year's earnings will rise on a recovery on its consumer electronics business. Its fourth-quarter loss widened.
Deere & Co. gained 1.6%. It said profit dropped 16%, though it beat analyst earnings expectations. Jack In The Box reported a better-than-forecast 25% profit rise.
Crude oil futures dropped 33 cents to $62.80 a barrel before weekly energy data.
Gold futures declined $2.90 at $671.60 an ounce.
The dollar rose on the yen as the Bank of Japan began a two-day policy meeting.
Treasury bonds advanced.
By Nick Godt