Wall Street was poised for a steady start on Wednesday, as ongoing optimism about Federal Reserve interest rate cuts kept markets afloat and investors assessed a fresh wave of corporate earnings.

Wall Street headed higher in early trading Tuesday as markets' anxiety over last week's poor jobs data appears to have dissipated as investors turn their attention to another batch of corporate earnings.

Helped by higher advertising and a growing user base on its social media platforms, Meta earned $18.34 billion in the quarter, a 36% increase over the same quarter a year ago. Revenue jumped 22%.