US stock futures were steady on Wednesday after Wall Street's major indexes rose in the previous session as risk appetite returned to the market.
The Dow Jones Industrial Average rose 0.39% to 47,474.46 points, the S&P 500 rose 0.25% to 6,829.37 points, while the tech-focused Nasdaq gained 0.59% to 23,413.67 points.
Bitcoin's rebound also supported market sentiment, as investors assessed the potential for a year-end rally, as December's performance has typically remained strong.
Crypto stocks closed higher, with MicroStrategy gaining 5.8% and Coinbase gaining 1.3% after bitcoin prices rebounded from their biggest dollar losses since May 2021 in the previous session.
In other news, the market is now expecting an 89% chance that the Federal Reserve (Fed) will cut interest rates by 25 basis points next week.
Attention now turns to the ADP jobs report for November, which will be released on Wednesday at 9:15 PM Malaysian time, for an updated picture of labor market conditions.
Meanwhile, technology and retail stocks also outperformed the market.
Marvell Technology shares jumped 10% in extended trading after reporting strong third-quarter results and positive data center revenue growth guidance for the next fiscal year.
American Eagle Outfitters shares also rose 10% after the company gave a stronger holiday season sales outlook.
