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Futures tied to the Dow Jones Industrial Average rose 32 points, or 0.1%. S&P 500 futures and Nasdaq 100 futures also gained less than 0.1%.

In after-hours trading, shares of Marvell Technology rose more than 10% as Wall Street reacted to the company's data center growth forecasts. American Eagle Outfitters shares also gained more than 10% after the retailer raised its year-end outlook, citing a strong start to the holiday shopping season.

Although technology stocks such as Nvidia climbed and bitcoin gained value, major indexes closed broadly higher on Tuesday, one day after the main cryptocurrency experienced its worst day since March. The S&P 500 and the 30-stock Dow briefly dipped into the red during the session, while the Nasdaq Composite traded flat amid continued volatility surrounding artificial intelligence-related trading.

Investors are assessing the likelihood of a year-end rally, as December trading has historically been positive for U.S. stocks and November proved to be weak due to profit-taking that weighed on the valuations of several high-performing companies.

Investors remain optimistic about corporate earnings and are awaiting the Federal Reserve’s interest rate decision on December 10. According to analysts, markets are pricing in an approximately 89% chance of a rate cut at the upcoming meeting, significantly higher than expectations in mid-November.

Wednesday’s ADP employment report for November, scheduled for release at 8:15 a.m., is expected to reflect a relatively stable labor market and further clarify the Fed’s rate decision.