FX.co ★ US Futures Hold Steady After Tech-Led Rally

U.S. stock futures showed minimal movement on Wednesday following substantial gains recorded in the previous session by the major averages. On Tuesday, the S&P 500 advanced by 0.58%, while the Nasdaq Composite increased by 0.81%, marking the second consecutive day of upward movement. The Dow also saw an increase of 0.51%, continuing its winning streak for the fourth session in a row. The rally was primarily driven by technology stocks, with Nvidia climbing 2.8% and reclaiming its status as the world's most valuable publicly traded company, overtaking Microsoft. Post-market trading saw Hewlett Packard rise nearly 5% due to better-than-expected quarterly earnings, whereas CrowdStrike fell 6.5% after releasing weaker revenue guidance for the current quarter. Investors are now turning their attention to significant labor market data, including the ADP private payroll report expected on Wednesday, weekly jobless claims scheduled for Thursday, and the anticipated May jobs report on Friday.