Stock index futures edged higher on Tuesday night as Wall Street aimed to maintain momentum from a modest rebound after Monday’s sell-off, with key jobs data set to become one of the last potential catalysts before the Federal Reserve raises interest rates.
The Dow Jones Industrial Average (YM=F), S&P 500 (ES=F) and Nasdaq 100 futures (NQ=F) were all up about 0.2%.
The broader market closed higher on Tuesday, driven by heavyweight technology stocks such as Nvidia (NVDA), while Bitcoin (BTC-USD) rebounded after suffering its biggest decline since March.
People are increasingly paying attention to the Federal Reserve’s policy decision on December 10. According to the CME FedWatch tool, the market currently expects the probability of a rate cut to be about 89%. On Wednesday, traders will parse the ADP Private Employment Report due out at 8:15 a.m. ET for new clues on labor market trends and how they may influence the Fed’s next move.
With data still delayed following the government shutdown and no non-farm payrolls report due this week, the ADP report will be one of the last major labor market indicators before the central bank’s decision.
Meanwhile, President Trump continues to debate his choice to take over as Federal Reserve chairman in early 2026, with National Economic Council Director Kevin Hassett widely considered the frontrunner.
Earnings drivers were active in after-hours trading Tuesday. Marvell Technology (MRVL) shares soared 10% after reporting stronger-than-expected revenue and profit in the fiscal third quarter. American Eagle Outfitters (AEO) rose more than 10% after raising its full-year forecast after a stronger-than-expected start to the holiday shopping season.
Investors will also be keeping an eye on upcoming third-quarter residual earnings, with Salesforce (CRM), Macy’s (M) and Dollar Tree (DLTR) all set to report on Wednesday.
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