Stock futures edged higher Tuesday evening as Wall Street aimed to maintain momentum on a modest rebound from Monday's streak-breaking sell-off, with key jobs data looming as one of the final potential catalysts ahead of the Federal Reserve's interest rate move.

Dow Jones Industrial Average (YM=F), S&P 500 (ES=F), and Nasdaq 100 futures (NQ=F) all posted gains of around 0.3%.

The broader market finished Tuesday higher across the board, buoyed by heavyweight tech names including Nvidia (NVDA), while bitcoin (BTC-USD) bounced after its steepest drop since March.

Focus is mounting on the Fed's Dec. 10 policy decision. Markets are currently pricing in roughly an 89% probability of a rate cut, according to the CME FedWatch tool. On Wednesday, traders will parse the ADP private payrolls report, due at 8:15 a.m. ET, for fresh clues on labor-market trends and how they might influence the Fed’s next move.

With government data still delayed after the shutdown and no nonfarm payrolls report coming this week, the ADP report will serve as one of the last major labor market indicators ahead of the central bank's decision.

Meanwhile, President Trump continues to drive conversation around his pick to take over as Fed chair in early 2026, with National Economic Council Director Kevin Hassett widely considered as the favorite.

Earnings movers enlivened after-hours trading on Tuesday. Marvell Technology (MRVL) surged 10% after delivering a stronger-than-expected fiscal third quarter on both the top and bottom lines. American Eagle Outfitters (AEO) jumped more than 10% as the retailer raised its full-year outlook, citing a stronger-than-anticipated start to the holiday shopping season.

Investors will also be watching the remaining Q3 earnings still to come, with Salesforce (CRM), Macy's (M) and Dollar Tree (DLTR) all reporting Wednesday.

Bloomberg reports:

Silver (SI=F) rose to a record, as traders laid speculative bets on continued supply tightness and lower borrowing costs in the US. Gold also gained.

The white metal rose as much as 0.8% to trade at $58.9471 an ounce, above a previous peak of $58.84 set two days earlier. Investors expect that a new Federal Reserve chair and the release this month of delayed US economic data will support US President Donald Trump’s calls for monetary easing. The recent gains in precious metals reflect the potential for cuts to gather pace after Jerome Powell’s term ends in May.

Holdings by silver-backed exchange-traded funds rose by about 200 tons on Tuesday, according to Bloomberg calculations, underscoring enduring investor interest in the metal. That brought the total holdings to the highest since 2022.

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Reuters reports:

Anthropic, the artificial intelligence startup backed by Alphabet's Google and Amazon.com, has hired the law firm Wilson Sonsini to prepare for an initial ​public offering that could take place as early as 2026, the Financial Times ‌reported on Tuesday.

An IPO would give the company, which operates the AI chatbot Claude, a more efficient way to ‌raise capital and provide leverage for bigger acquisitions through public stock. The move comes as AI adoption gains pace, driven by higher enterprise tech spending and growing investor appetite.

An Anthropic spokesperson told Reuters the company has not decided when or even if it will go public.

The company ⁠has previously turned to Wilson Sonsini ‌for a range of corporate matters. The law firm did not immediately respond to Reuters' request for comment on the FT report outside ‍normal business hours.

Anthropic could be prepared to list in 2026, according to the report. The startup has also discussed with major investment banks about a potential IPO, the newspaper said, citing sources.

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