Stock futures climbed Wednesday as traders looked to build on the slight gains from the previous session. Futures tied to the Dow Jones Industrial Average added 61 points, or 0.1%. S&P 500 futures gained 0.1%, and Nasdaq 100 futures traded just above the flatline. Shares of Marvell Technology gained more than 10% as Wall Street reacted to its data center growth projections. American Eagle Outfitters also rallied more than 12% after the retailer lifted its full-year forecast, saying the holiday shopping season was off to strong start. The major indexes rose on Tuesday as tech stocks such as Nvidia rose and bitcoin gained, one day after the flagship cryptocurrency logged its worst day since March. The flagship digital currency kept rising on Wednesday, trading back above $92,000. Investors are gauging the possibility of year-end rally, as December trading historically bodes well for U.S. stocks and because November was such a downbeat month as profit-taking trimmed valuations for some high-flying names. Traders are optimistic about corporate earnings results and are looking ahead to the Federal Reserve’s interest rate decision on Dec. 10. Markets are pricing a roughly 89% chance of a cut during the upcoming meeting, which is much higher than the odds from mid-November, according to the CME FedWatch tool. The ADP employment report for November, which is set to release at 8:15 a.m. ET on Wednesday, is expected to reflect a relatively stable labor market and further inform the Fed’s rate decision. “I think AI earnings are going to continue to be strong. … We’re going to see more contribution from more beaten-down sectors, and we’re starting to see some of the more short-cycle industrials and more beaten-down sectors starting to see better pricing power,” said Wells Fargo chief equity strategist Ohsung Kwon said Tuesday on CNBC’s “Power Lunch.” “I don’t think it’s a bubble yet.” U.S. Treasury yields were lower on Wednesday as investors await more economic data and continue to bet on an interest rate cut at the Federal Reserve’s meeting next week. At 5:24 a.m. ET, the benchmark 10-year Treasury yield was down less than a basis point to 4.08%, while the 30-year Treasury yield was little changed at 4.75%. The 2-year Treasury yield fell by more than 1 basis point to 3.5%. SoftBank led gains in Japanese tech-related stocks Wednesday, tracking Wall Street peers, and boosting the Nikkei 225. The Nikkei led gains in Asia, closing 1.14% higher at 49,864.68. The broad-based Topix fell 0.2% to 3,334.32. South Korea’s Kospi rose 1.04% to 4,036.3, while the small-cap Kosdaq ended 0.39% higher at 932.01. Australia’s S&P/ASX 200 gained 0.18% to close at 8,595.2. Hong Kong’s Hang Seng index declined 1.28% to 25,760.73, while the mainland CSI 300 fell 0.51% to 4,531.05. Oil prices climbed more than 1% on Wednesday after Russia said talks with U.S. officials in Moscow failed to reach a compromise on a potential Ukraine peace deal that could have eased sanctions on its oil sector. Brent crude gained 78 cents, or 1.3%, to $63.23, while U.S. West Texas Intermediate rose 85 cents, or 1.5%, to $59.49. Both contracts fell more than 1% in the previous session. “Oil markets and prediction markets do not appear to price a large probability of a near-term peace agreement and removal of the sanctions on Russian oil,” Goldman Sachs analysts said in a note. Gold prices held steady on Wednesday as traders awaited key U.S. economic indicators to gauge the Federal Reserve’s policy direction, while silver pulled back from a new record high. Spot gold was steady at $4,207.60 per ounce at 0856 GMT, after falling more than 1% in the previous session. U.S. gold futures for December delivery were up 0.4% at $4,237.90 per ounce.