Stock futures climbed Wednesday as traders looked to build on the slight gains from the previous session.
Futures for the Dow Jones Industrials docked 88 points, or 0.2%, to 47,632
Futures for the S&P 500 gained 13.75 points, or 0.2%, to 6,854.
Futures for the NASDAQ surged 41.25 points, or 0.2%, to 25,646.25.
Shares of Marvell Technology gained more than 10% 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.
Overseas, the Nikkei 225 in Japan gained 1.1% while in Hong Kong, the Hang Seng Index sputtered 1.3%.
Oil prices took on 75 cents to $59.36
Gold prices captured $16.90 to $4,237.70.
