The Dow Jones Industrial Average on Thursday logged its longest winning streak of the year, the latest sign that investors’ pullback in April was a blip. The Dow rose 0.9%, or 331 points, en route to its seventh straight day in the green.

Investors are feeling more confident as of late in the outlook for stocks, buoyed by a strong earnings season and hopes for rate cuts from the Federal Reserve.

U.S. stock markets are set to open in the red on Thursday as investors digest more earnings reports in a quieter week for macroeconomic data. While the Dow brought its winning streak to six sessions on Wednesday, it was more mixed for the wider market with the S&P 500 finishing flat and the tech-heavy Nasdaq 100 falling.

As U.S. stocks rebound from last month’s selloff, options traders are showing less interest in contracts that would pay off if the market were to crash. Demand for “out-of-the-money” puts relative to “at-the-money” puts on the S&P 500,

Asian shares were mixed on Wednesday after U.S. stocks held relatively steady on Wall Street. U.S. futures and oil prices slipped, while the yen weakened further against the U.S. dollar. Tokyo's Nikkei 225 lost 1.