Stocks set for a higher start following Obama's comments

U.S. stocks seemed set for a higher open Wednesday morning following President Obama's comments Tuesday evening and ahead of the release of some economic data today, including durable orders and new home sales.

Speaking at a news conference Tuesday evening, President Barack Obama claimed early progress in his administration's attempts to improve the economy. He said that despite obstacles ahead, "we're moving in the right direction." Obama also toned down his criticism of bonuses to executives at bailed-out companies.