From Nasdaq:

U.S. stock index futures rose ahead of Federal Reserve Chair Jerome Powell’s testimony to Congress. Powell will discuss easing price pressures without affecting the job market. Wall Street closed over 1% lower on Tuesday due to inflation concerns. Traders predict a 69.1% chance of a rate cut in June. Private payrolls and job openings data will be released. Dow, S&P 500, and Nasdaq futures were positive.

Megacap growth and technology stocks, including Tesla and Nvidia, rose in premarket trading. Shares of China’s JD.com surged 11.9% after reporting strong fourth-quarter revenue. Cryptocurrency-linked companies like Coinbase and MicroStrategy saw gains as bitcoin rebounded. CrowdStrike Holdings soared 24.3% after forecasting better-than-expected annual results. Other cybersecurity stocks also rose between 4% and 4.6%.



Read more at Nasdaq: US STOCKS-Futures climb ahead of Powell’s testimony, economic data