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US Futures Advance Premarket Wednesday, Extending Tech-Led Gains From AI Optimism

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US futures were advancing hours before market open Wednesday, as Tuesday's technology-led rally continues amid renewed confidence on artificial intelligence.

In the futures, the S&P 500 was 0.3% higher, the Nasdaq gained 0.5%, and the Dow Jones advanced by 0.4%.

Asian markets were mixed at Wednesday's close, while most European bourses were tracking higher around midday.

Early movers include Zscaler (ZS), which was down more than 23% following its fiscal Q3 report, while Micron Technology (MU) was advancing past 5%, extending gains after its market capitalization eclipsed $1 trillion for the first time on Tuesday.

Marvell Technology (MRVL), Salesforce (CRM), PDD Holdings (PDD), and Bank of Montreal (BMO) are among the companies releasing quarterly reports within the day.

On the economic calendar are reports on MBA Mortgage Applications at 7am ET, Richmond Fed Manufacturing Index at 10am ET, and Survey of Business Uncertainty at 11am ET.

In premarket action, Bitcoin traded at $75,779, West Texas Intermediate crude oil traded 3.8% lower at $90.33, and 10-year US Treasuries offered 4.47%. Spot gold traded for $4,449 an ounce.

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