Dow, S&P 500, Nasdaq futures inch up as key ADP jobs data looms

Stock futures edged higher Tuesday evening as Wall Street aimed to maintain momentum on a modest rebound from Monday’s streak-breaking sell-off, with key jobs data looming as one of the final potential catalysts ahead of the Federal Reserve’s interest rate move.

Dow Jones Industrial Average (YM=F), S&P 500 (ES=F), and Nasdaq 100 futures (NQ=F) all posted gains of around 0.1%.

The broader market finished Tuesday higher across the board, buoyed by heavyweight tech names including Nvidia (NVDA), while bitcoin (BTC-USD) bounced after its steepest drop since March.

Focus is mounting on the Fed’s Dec. 10 policy decision. Markets are currently pricing in roughly an 89% probability of a rate cut, according to the CME FedWatch tool. On Wednesday, traders will parse the ADP private payrolls report, due at 8:15 a.m. ET, for fresh clues on labor-market trends and how they might influence the Fed’s next move.

With government data still delayed after the shutdown and no nonfarm payrolls report coming this week, the ADP report will serve as one of the last major labor market indicators ahead of the central bank’s decision.

Meanwhile, President Trump continues to drive conversation around his pick to take over as Fed chair in early 2026, with National Economic Council Director Kevin Hassett widely considered as the favorite.

Earnings movers enlivened after-hours trading on Tuesday. Marvell Technology (MRVL) surged 10% after delivering a stronger-than-expected fiscal third quarter on both the top and bottom lines. American Eagle Outfitters (AEO) jumped more than 10% as the retailer raised its full-year outlook, citing a stronger-than-anticipated start to the holiday shopping season.

Investors will also be watching the remaining Q3 earnings still to come, with Salesforce (CRM), Macy’s (M) and Dollar Tree (DLTR) all reporting Wednesday.