US Futures Rise
2025-12-03 13:48
By
Joana Taborda
1 min. read
US stock futures held in positive territory on Wednesday, with contracts on the three major averages up 0.2%, as weaker data reinforced bets on a 25 bps rate cut by the Fed next week.
Markets currently assign roughly an 89% probability to such a move.
The US private sector unexpectedly shed 32K jobs in November, the most since March 2023, compared with forecasts for a 10K increase.
Megacaps were mostly higher in premarket trading, including Nvidia (1.2%), Alphabet (0.1%), Amazon (0.3%), Meta (0.2%), Broadcom (0.3%), and Tesla (1.2%).
Also, Oracle added 1.8% after Wells Fargo initiated the stock at an overweight rating and set a price target of $280.
Marvell Technology climbed more than 9% on upbeat data-center growth forecasts, while American Eagle Outfitters surged over 13% after lifting its full-year outlook and reporting a robust kickoff to the holiday season.
On the other hand, Macy's tumbled 4.5% as its results failed to impress investors.