FX.co ★ US Futures Steady After Positive Session

U.S. stock futures remained stable on Wednesday following a positive session for major indices as investors' risk appetite reemerged. On Tuesday, the Dow Jones Industrial Average increased by 0.39%, the S&P 500 rose by 0.25%, and the Nasdaq Composite advanced by 0.59%. A significant factor boosting market sentiment was the recovery in Bitcoin. Investors are also weighing the possibility of a year-end rally, given December's historically strong performance. Current market valuations suggest an 89% probability that the Federal Reserve will reduce interest rates by 25 basis points in its upcoming meeting. Focus now shifts to the ADP employment report for November for further insights into the current state of the labor market. In corporate developments, Marvell Technology's shares soared nearly 10% in after-hours trading, buoyed by impressive third-quarter results and optimistic projections for data center revenues in the next fiscal year. Similarly, American Eagle Outfitters saw a 10% increase in its share price, fueled by expectations of strong holiday season sales.