Stock market today: Dow, S&P 500, Nasdaq futures step higher as Wall Street regains

Market Overview - US stock futures showed a cautious recovery with S&P 500 futures rising 0.3%, Nasdaq 100 futures up 0.4%, and Dow Jones Industrial Average futures increasing by approximately 0.2% [1] - The market is attempting to recover from a risk-off sentiment that led to losses for major US indexes, marking a rocky start to December, a month typically strong for equities [2] Cryptocurrency Market - Bitcoin traded above $87,000, recovering from a low of $84,000, which was its worst day since March [3] - Shares of crypto-related companies like Coinbase and Robinhood also saw positive movement after significant declines [3] Economic Indicators - Investors are looking for catalysts to support a year-end rally amid ongoing concerns about inflation, market valuations, and the impact of AI spending [4] - There is an 87% probability of an interest rate cut on December 10, as markets anticipate easing measures from the central bank [5] Company Earnings and Developments - Marvell is expected to release earnings after market close, with its stock rising due to reports of advanced talks to acquire Celestial AI in a multibillion-dollar deal [6][7] - MongoDB's stock increased by 2% after reporting revenue of $628.3 million for Q3, exceeding guidance and reflecting a 19% year-over-year increase [11] - MongoDB's full-year revenue guidance was raised to between $2.434 billion and $2.439 billion, up from previous estimates [13] Investment Strategies - Bank of America recommends its wealth management clients consider a 1%-4% allocation to cryptocurrencies, with plans to cover four bitcoin ETFs starting January 5 [9][10]