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Futures tied to the Dow Jones Industrial Average rose 65 points, or about 0.14%, while S&P futures traded slightly above flat and Nasdaq 100 futures dipped less than 0.1%.

In after-hours trading, Salesforce shares gained more than 5% after the company issued a revenue forecast that exceeded expectations. Shares of discount retailer Five Below rose about 2% after reporting earnings that topped Wall Street estimates.

Early Wednesday, the latest employment data released by ADP helped lift the 30-stock Dow, along with the two other major U.S. indexes. The Dow rose 0.9%, adding more than 400 points. The S&P 500 and tech-heavy Nasdaq Composite ended the day up 0.3% and 0.2%, respectively.

Investors interpreted ADP’s report—showing a surprising drop in private-sector employment in November—as a sign that the Fed may be more inclined to cut rates at its December 10 meeting. Analysts say markets are pricing in an 89% chance of a rate cut next Wednesday, significantly higher than expectations from just a few weeks ago.

The artificial intelligence sector remained volatile Wednesday. The technology sector posted the steepest decline among S&P 500 groups, weighed down by losses in Microsoft, Nvidia and Broadcom.

Microsoft shares closed down 2.5% after The Information reported the company had reduced sales targets for AI-related software. Microsoft denied the report’s claims, which helped the stock recover off session lows.

Investors are also closely watching developments around the Trump administration’s tariff policies and their potential effects on the domestic labor market. Treasury Secretary Scott Bessent said Wednesday at The New York Times DealBook Summit that even if the current tariff structure fails in the Supreme Court case, the administration could rebuild its tariff agenda using several provisions of the 1962 Trade Act.