Stock market today: Dow, S&P 500, Nasdaq futures keep rebound alive as key ADP jobs data looms

• StockStory Top Pick ADP +0.52% NVDA +0.86%
• BTC-USD +7.14% NQ=F +0.12% YM=F +0.21%

US stock futures leaned higher on Wednesday, poised to maintain momentum on a modest rebound with jobs data on deck to help set interest-rate expectations ahead of the Federal Reserve policy meeting.

Dow Jones Industrial Average futures (YM=F) edged up 0.2%, while those on the S&P 500 (ES=F) nudged 0.1% higher. Contracts on the tech-heavy Nasdaq 100 (NQ=F) floated just above the flat line.

The broader market finished Tuesday higher across the board, buoyed by heavyweight tech names including Nvidia (NVDA), while bitcoin (BTC-USD) bounced after its steepest drop since March.

Focus is mounting on the Fed's Dec. 10 policy decision. Markets are pricing in an 89% probability of a rate cut, according to the CME FedWatch tool. On Wednesday, traders will parse the ADP private payrolls report, due at 8:15 a.m. ET, for fresh clues on labor-market trends and how they might influence the Fed’s next move.

With government data still delayed after the shutdown and no monthly nonfarm-payrolls report coming this week, the ADP report will serve as one of the last major labor market indicators ahead of the central bank's decision. An update on industrial production is also due.

Meanwhile, President Trump continues to drive conversation around his pick to take over as Fed chair in early 2026, with National Economic Council Director Kevin Hassett widely considered as the favorite.

Earnings movers enlivened premarket trading, with shares of US chipmaker Marvell Technology (MRVL) jumping around 10% after a stronger-than-expected quarterly report. American Eagle Outfitters (AEO) stock surged 11% as the retailer raised its full-year outlook after a stronger-than-anticipated start to the holiday shopping season.

The next highlights are Salesforce (CRM), Macy's (M), and Dollar Tree (DLTR), all reporting Wednesday.

• 58 mins ago Karen Friar

  Bitcoin hits 2-week high but crypto sentiment remains fragile

  Bitcoin (BTC-USD) continued its tentative recovery on Wednesday, tapping its highest level in two weeks as cryptocurrencies more broadly look to bounce back from a weeks-long slump.

  The leading token rose to about $93,965, its highest intraday level since Nov. 17. It since has pared gains to trade below $93,000.

  CCC - CoinMarketCap • USD (BTC-USD) Follow View Quote Details 93,118.58 +6,208.29 +(7.14%) As of 10:10:00 AM UTC. Market Open. Advanced Chart

  Bloomberg reports:

  Read more here.

• Today at 8:50 AM UTC Grace O'Donnell

  American Eagle Outfitters stock jumps after CEO calls out 'record-breaking Thanksgiving weekend'

  American Eagle Outfitters (AEO) stock surged over 12% in premarket after the apparel retailer noted that its crucial holiday season was off to a strong start, boding well for the fourth quarter.

  “Strong momentum has continued into the fourth quarter, including an excellent start to the holiday season," CEO Jay Schottenstein said in the release late Tuesday. "We delivered a record-breaking Thanksgiving weekend, led by an acceleration in demand across brands and channels and underscored by outstanding growth at Aerie and Offline."

  For the third quarter, ended Nov. 1, American Eagle reported profit per share of $0.53, surpassing estimates of $0.43 per share. Revenue for the quarter was $1.36 billion, a 6% increase year over year and slightly better than estimates.

  Overall, same-store sales increased 4%, led by an 11% increase in Aerie comparable sales, while American Eagle comparable sales grew 1%.

  For the fourth quarter, American Eagle expects same-store sales to grow 8% to 9% year over year. Comparable sales are expected to increase by low single digits for the full year.

  NYSE • USD (AEO) Follow View Quote Details 20.83 -0.42 (-1.98%) At close: December 2 at 4:04:52 PM EST Advanced Chart
• Today at 4:14 AM UTC Rian Howlett

  Silver notches new record as Fed rate, supply concerns pushes price higher

  Bloomberg reports:

  Read more here.

• Today at 3:18 AM UTC Rian Howlett

  Anthropic opens up discussions for potential IPO in early 2026

  Reuters reports:

  Read more here.