Fed, Tech Outlooks Lift Wall Street Pre-Bell; Asia, Europe Up

06:23 AM EST, 11/26/2025 (MT Newswires) -- Wall Street futures pointed moderately higher pre-bell Wednesday, as traders again gravitated toward tech shares and mulled a likely rate cut by the Federal Reserve at the central bank's December policy meeting.

In the futures, the S&P 500 rose 0.3%, the Nasdaq inclined 0.4% and the Dow Jones was up 0.2%.

Alphabet (GOOG, GOOGL) rose 1.8% pre-bell after closing at an all-time zenith on Tuesday, after reports Meta Platforms (META) may purchase Google's TPU chips as early as 2027.

Traders also await the release in Washington of the personal consumption expenditure-core (PCE-core) inflation index at 8:30 am ET. Pundits project a 2.9% on-year rise by the metric, which is the Federal Reserve's preferred inflation gauge.

Asian exchanges traded mostly higher overnight, on tech-sector strength and anticipation of easing by the US central bank. European bourses tracked moderately north midday on the continent.

Autodesk (ADSK) traded up 7.7% pre-bell after the 3-D software-maker reported fiscal Q3 earnings and revenue above Street views, and upbeat guidance, late Tuesday.

Deere (DE) plans to report earnings pre-bell, among others.

On the economic calendar at 7 am ET is the weekly MBA mortgage applications bulletin, followed by the September and October durable goods releases at 8:30 am.

The revised Q3 GDP report, the October international trade in goods bulletin, the weekly jobless claims report, and October retail and wholesale inventories releases also post at 8:30 am.

The November Chicago PMI report logs at 9:45 am, and the October new home sales bulletin at 10 am.

The weekly EIA petroleum status report posts at 10:30 am, followed by the Atlanta Fed Survey of Business Uncertainty for November report at 11 am.

The weekly EIA natural gas report is released at noon, and the weekly Baker Hughes domestic oil-and-gas rig count posts at 1:00 PM ET.

The Beige Book, the Federal Reserve's compendium of business and economic reports from the 12 branches, posts at 2 pm.

In premarket action, Bitcoin traded at $86,816, West Texas Intermediate crude oil traded lower at $57.82, and 10-year US Treasuries offered 4.00%. Spot gold traded for $4,160 an ounce.

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