Stock market today: Dow, S&P 500, Nasdaq futures edge up as Wall Street looks to keep rallying into Thanksgiving

Market Overview - US stock futures rose on Wednesday, with Dow Jones Industrial Average futures up 0.2%, S&P 500 futures up 0.2%, and Nasdaq 100 futures up 0.3% following a significant 660-point jump in the Dow on Tuesday [1] - The market is looking for its fourth consecutive advance, driven by tech stocks, particularly Alphabet reaching record highs amid reports of Meta potentially adopting Google's TPU chips by 2027 [2] Federal Reserve Insights - Investors are closely monitoring the Federal Reserve's next actions, with an 85% probability of a quarter-point rate cut in December, which is positively influencing market sentiment [3] - There is ongoing speculation regarding potential changes in leadership at the Federal Reserve, with five finalists on President Trump's shortlist to replace Chair Jerome Powell next year [3] Earnings and Economic Data - A holiday-shortened week saw big-box retailers report better-than-expected earnings, while delayed economic data was finally released to investors [5] - Dell's stock rose nearly 6% in premarket trading after the company provided fourth-quarter financial guidance above expectations, despite slightly missing revenue estimates [5] - Dell attributed its performance to surging demand for AI servers and improved results in its infrastructure business [6] Commodity Market - Gold prices increased due to expectations of a Fed rate cut and a weaker dollar [7] Company Performance - Alibaba's AI division reported over a third in revenue growth, indicating strong performance in the AI sector [8]