The three-day winning streak comes amid a holiday-shortened week, as the markets will be closed on Thursday and open till 1:00 p.m. ET on Friday.
Traders are aggressively pricing in a December cut amid dovish central bank guidance.
Meanwhile, the 10-year Treasury bond yielded 4.01% and the two-year bond was at 3.46%. The CME Group's FedWatch tool‘s projections show markets pricing an 84.9% likelihood of the Federal Reserve cutting the current interest rates during its December meeting.
Futures
Change (+/-)
Dow Jones
0.21%
S&P 500
0.23%
Nasdaq 100
0.29%
Russell 2000
0.22%
The SPDR S&P 500 ETF Trust (NYSE:SPY) and Invesco QQQ Trust ETF (NASDAQ:QQQ), which track the S&P 500 index and Nasdaq 100 index, respectively, were higher in premarket on Wednesday. The SPY was up 0.29% at $677.01, while the QQQ advanced 0.36% to $611.10, according to Benzinga Pro data.
Stocks In Focus
Dell Technologies
Dell Technologies Inc. (NYSE:DELL) jumped 4.94% after reporting mixed financial results for the third quarter on Tuesday. It raised its full-year outlook, expecting fiscal 2026 revenue in the range of $111.2 billion to $112.2 billion, up from a prior range of $105 billion to $109 billion.
Benzinga’s Edge Stock Rankings indicate that DELL maintains a weaker price trend over the short and medium terms but a strong trend in the long term, with a solid growth ranking. Additional performance details are available here.
HP
HP Inc. (NYSE:HPQ) tumbled 5.67% despite posting better-than-expected earnings for its fourth quarter after Tuesday's closing bell. However, the company announced layoffs and issued weak forward guidance.
