Earnings, Rate-Cut Outlook Lift Wall Street Pre-Bell; Asia, Europe Up

07:04 AM EDT, 10/15/2025 (MT Newswires) -- Wall Street futures pointed moderately higher pre-bell Wednesday on the Federal Reserve rate-cut outlook, earnings season results, and tech-sector optimism.

Semiconductor-related issues gained after Dutch photolithography machine manufacturer ASML, a tech-sector bellwether, reported better-than-expected earnings and prospects.

In the futures, the S&P 500 rose 0.6%, the Nasdaq rose 0.8% and the Dow Jones was up 0.4%.

Asian exchanges traded solidly higher overnight on prospects for central bank easing and tech-sector cheer, with Seoul's KOSPI index rising 2.7% to a fresh all-time high.

European bourses tracked moderately higher at midday on the continent.

On the earnings scene, Bank of America (BAC) traded up 3.8% pre-bell after reporting Q3 earnings and revenue above Street views.

Citizens Financial (CFG) advanced 4.3% pre-bell after reporting Q3 earnings and revenue above consensus, and raising its dividend.

On the economic calendar is the Empire State Manufacturing Index at 8:30 am ET, followed by the Beige Book, the Federal Reserve's compendium of business and economic reports from the 12 regional branches.

Federal Reserve Governor Stephen Miran, Atlanta Fed President Raphael Bostic, Fed Governor Christopher Waller, and Kansas City Fed President Jeffrey Schmid are slated to speak Wednesday.

In pre-market action, Bitcoin traded at $112,560, West Texas Intermediate crude oil traded lower at $58.69, and 10-year US Treasuries offered 4.01%. Spot gold traded for $4,201 an ounce.

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