U.S. stock futures climbed early Wednesday following a tech-driven rally that lifted major indexes higher. Futures on the Nasdaq 100 (NDX), the S&P 500 (SPX), and the Dow Jones Industrial Average (DJIA) were up 0.20%, 0.19%, and 0.20%, respectively, at 3:09 a.m. EST on December 3.
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During Tuesday’s regular trading, the three major indexes closed higher, rebounding from a sluggish start to December. A rebound in technology stocks such as Nvidia (NVDA) and Intel (INTC), as well as a lift in Bitcoin (BTC-USD) prices, renewed market confidence. The Dow Jones rose 0.39%, the S&P 500 gained 0.25%, and the Nasdaq added 0.59%.
After the markets closed, shares of Marvell Technology (MRVL) rallied over 8% after beating Q3 estimates and amid Celestial AI acquisition news.
Turning to economic reports, the ADP employment report for November scheduled for release today will offer new insight into the labor market and could shape views on upcoming Federal policy.
On the earnings front, reports from Snowflake (SNOW), Salesforce (CRM), C3.ai (AI), Dollar Tree (DLTR), and Macy’s (M) are scheduled to report today.
Notably, the U.S. 10-year Treasury yield was down, floating near 4.07%. WTI crude oil futures were trending higher, hovering near $58.96 per barrel as of the last check. Additionally, the Gold Spot U.S. dollar price decreased to nearly $4,207 per ounce on Wednesday.
Elsewhere, in Europe, markets opened mostly higher on Wednesday, tracking gains from U.S. counterparts.
Asia-Pacific Markets Traded Lower
Asia-Pacific markets mostly fell on Wednesday amid mixed regional news.
Hong Kong’s Hang Seng Index fell 1.39%. In China, the Shanghai Composite dropped 0.51%, and the Shenzhen Component lost 0.83%. Meanwhile, Japan’s Nikkei advanced 1.14%, but the Topix fell 0.20%.
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