Traders work on the floor of the New York Stock Exchange (NYSE) on December 02, 2025 in New York City.
Spencer Platt | Getty Images News | Getty Images
Stock futures climbed Wednesday as traders looked to build on the slight gains from the previous session.
Futures tied to the Dow Jones Industrial Average added 105 points, or 0.2%. S&P 500 futures gained 0.2%, as did Nasdaq 100 futures.
Shares of Marvell Technology gained more than 9% as Wall Street reacted to its data center growth projections. American Eagle Outfitters also rallied more than 12% after the retailer lifted its full-year forecast, saying the holiday shopping season was off to strong start.
The major indexes rose on Tuesday as tech stocks such as Nvidia rose and bitcoin gained, one day after the flagship cryptocurrency logged its worst day since March. The flagship digital currency kept rising on Wednesday, trading back above $92,000.
Investors are gauging the possibility of year-end rally, as December trading historically bodes well for U.S. stocks and because November was such a downbeat month as profit-taking trimmed valuations for some high-flying names.
Traders are optimistic about corporate earnings results and are looking ahead to the Federal Reserve’s interest rate decision on Dec. 10. Markets are pricing a roughly 89% chance of a cut during the upcoming meeting, which is much higher than the odds from mid-November, according to the CME FedWatch tool.
The ADP employment report for November, which is set to release at 8:15 a.m. ET on Wednesday, is expected to reflect a relatively stable labor market and further inform the Fed’s rate decision.
“I think AI earnings are going to continue to be strong. … We’re going to see more contribution from more beaten-down sectors, and we’re starting to see some of the more short-cycle industrials and more beaten-down sectors starting to see better pricing power,” said Wells Fargo chief equity strategist Ohsung Kwon said Tuesday on CNBC’s “Power Lunch.” “I don’t think it’s a bubble yet.”