U.S. Stock Futures Climb as Tech Rally Extends Amid Rate Cut Hopes

Market Overview - U.S. stock futures are showing a positive trajectory, indicating continued upward momentum after a technology-driven rally [1][2] - Major indexes closed higher on December 2nd, with the Dow Jones Industrial Average rising by 0.39% to 47,474.46, S&P 500 gaining 0.25% to 6,829.37, and Nasdaq Composite increasing by 0.59% to 23,413.67 [4] Economic Data and Federal Reserve Expectations - The ADP employment report for November is highly anticipated, expected to influence views on the Federal Reserve's monetary policy [6][7] - Markets are pricing in an 87% to 89% probability of a 25 basis point interest rate cut by the Federal Reserve at its upcoming meeting on December 10th [7] Corporate Earnings and Stock Movements - Key companies reporting earnings include Snowflake, Salesforce, C3.ai, Dollar Tree, and Macy's, which could lead to significant stock price movements [8][9] - Marvell Technology saw a surge of over 8% following better-than-expected earnings and an acquisition announcement [10] - American Eagle Outfitters climbed over 10% after reporting strong third-quarter revenue and raising its full-year forecast [12] - Boeing's stock soared 10% after positive projections regarding cash production growth [13] Cryptocurrency and Related Stocks - Bitcoin has rebounded, trading above $93,000, contributing to market confidence [3] - Several cryptocurrency-linked stocks experienced substantial gains, including Polyrizon Ltd. up 131.96% and Perfect Corp. up 103.92% [14]