Wall Street looks set to extend rally as oil rises

"We've had some good economic data and investors are coming around to the fact that higher rates in a small measured dose isn't the end of the world, but is a measure of confidence in the economy," said Andre Bakhos, managing director at Janlyn Capital LLC in Bernardsville, New Jersey. Wall Street surged more than 1 percent on Tuesday and the Nasdaq had its strongest day in three months. Shares of Computer Sciences soared 31.3 percent to $46.82 in premarket trading after Hewlett Packard Enterpri