Wall Street futures ticked higher on Wednesday as investors cheered a possible end to the longest U.S. government shutdown, while an upbeat earnings outlook from Advanced Micro Devices revived optimism around AI.
Market Snapshot
At 8:30 a.m. ET, Dow e-minis were up 96 points, or 0.2%, S&P 500 E-minis were up 21.25 points, or 0.31%, and Nasdaq 100 E-minis were up 138.75 points, or 0.54%.
Pre-Market Movers
Shares in chip maker Advanced Micro Devices climbed 5.5% ahead of the opening bell, following Tuesday’sFinancial Analyst Dayin New York. After the market closed, Chief Financial Officer Jean Hu said AMD expects to increase its operating margin to more than 35% over the next three to five years, from 24% this year, resulting in a “clear path” to annual earnings of more than $20 a share. Wall Street had been forecasting 2028 earnings of $10.18 a share.
Upexi stock jumped over 7% in premarket trading. Upexi, Inc. is a digital asset treasury company focused on acquiring and holding Solana cryptocurrency, while also owning consumer brands. In its fiscal first quarter of 2026, Upexi reported record digital asset revenue, highlighting a significant financial turnaround.
Nvidia rose 1.5%. The move came after key supplierFoxconnreported a better-than-expected quarterly profit, as the artificial-intelligence boom continues to drive demand for its servers. The Taiwanese company, formally known as Hon Hai Precision Industry, reported that cloud and networking products accounted for 42% of its total revenue.
IBM stock rose 2.4% after announcing on Wednesday it has built a new experimental quantum computing chip called Loon that demonstrates it hit a key milestone toward making useful quantum computers before the end of the decade.
$Circle(CRCL) stock fell 5% premarket despite reported a rise in third-quarter revenue on Wednesday, on the back of higher reserve income through its flagship USDC as stablecoin circulation increased.
On jumped 7.9% after the Swiss sneaker brand topped Wall Street’s profit and revenue targets and raised its full-year guidance for net sales and earnings before interest, taxes, depreciation, and amortization, or Ebitda.
BILL Holdings shares jumped 13%. The business-payments company is exploring options including a sale, Bloomberg reported, citing people familiar with the matter. BILL didn’t immediately respond to a request for comment fromBarron’s.
Fortinet slid 0.8% after Daiwa Securities cut its rating on the cybersecurity stock to Neutral from Outperform, and lowered its price target to $80 from $86.
Market News
US House to vote on deal to end longest government shutdown in history
The House of Representatives will try to end the longest government shutdown in U.S. history on Wednesday, with a vote on a stopgap funding package to restart disrupted food assistance, pay hundreds of thousands of federal workers and revive a hobbled air-traffic control system.
Republicans currently hold a narrow 219-213 majority in the House. But President Donald Trump's support for the bill is expected to keep his party together in the face of vehement opposition from House Democrats, who are angry that a long standoff launched by their Senate colleagues failed to secure a deal to extend federal health insurance subsidies.
Fed to cut rates again in December on weakening job market, say most economists
The U.S. Federal Reserve will again lower its key interest rate by 25 basis points next month to underpin a weakening labor market, according to 80% of economists polled by Reuters, up slightly from a poll taken last month.
That strengthening resolve contrasts with the clear disagreement among Federal Open Market Committee members on whether the economy needs another reduction this year, especially in the absence of key official data during the longest-ever government shutdown.