Jobs, Fed Outlooks Nudge Wall Street North Pre-Bell; Asia Mixed, Europe Up

07:21 AM EDT, 09/09/2025 (MT Newswires) -- Wall Street futures pointed modestly higher pre-bell Tuesday, as traders awaited revisions to monthly payroll statistics from Washington, and leaned towards a rate cut from the Federal Reserve this month.

In the futures, the S&P 500 rose 0.1%, and the Nasdaq inclined 0.2%, the latter eyeing fresh all-time record highs. The Dow Jones was up 0.2%.

The Bureau of Labor Statistics' bulletin of its preliminary benchmark revisions to payrolls for the year through March, expected by some pundits to show a downward revision of job growth, is slated for a 10 am ET release.

The CME Group FedWatch Tool estimates an 88.1% chance of 0.25% rate cut at the Fed's Sept. 16-17 policy meeting, and an 11.9% change of a larger, 0.50% cut.

Asian exchanges traded choppily overnight, while European bourses edged higher midday on the continent.

IT-giant Oracle (ORCL) reports earnings after-bell.

Nebius (NBIS) traded up 51% in pre-bell after securing a deal worth up to $19.4 billion to provide Microsoft (MSFT) with AI infrastructure through 2031.

On the economic calendar, the National Federation of Independent Business Small Business Optimism Index rose to 100.8 in August from 100.3 in July, with owners reporting stronger sales expectations and improved earnings.

In pre-market action, Bitcoin traded at $112,730, West Texas Intermediate crude oil traded higher at $62.74, and 10-year US Treasuries offered 4.06%. Spot gold traded for $3,652 an ounce.

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