Stocks Rise Pre-Bell as Investors Await ADP Employment Report

07:27 AM EST, 12/03/2025 (MT Newswires) -- The main US stock measures were trending higher in Wednesday's premarket activity as investors await a key employment report from Automatic Data Processing (ADP) to gauge the health of the labor market ahead of the Federal Reserve's monetary policy meeting next week.

The S&P 500, the Dow Jones Industrial Average and the Nasdaq edged up 0.1% each before the opening bell. The indexes closed Tuesday's session in the green, with the Nasdaq recording its highest finish since Nov. 11.

The ADP employment report, a gauge for private-sector job growth in the US, for November is scheduled for an 8:15 am ET release. With last month's nonfarm payrolls report delayed due to the federal government shutdown, the ADP report holds more significance ahead of next week's Federal Reserve meeting on interest rates.

Markets are currently predicting an 89% chance that the Federal Open Market Committee will cut its key interest rate by 25 basis points next week, up from 88% on Tuesday, according to the CME FedWatch tool.

US President Donald Trump said he will announce his choice to replace Jerome Powell as the next Fed chair early next year, Reuters reported Tuesday. Powell's term as Fed chair is set to expire in May. Treasury Secretary Scott Bessent doesn't want the Fed chair job, Trump reportedly said.

Treasury yields were down before the opening bell, with the two-year retreating 2 basis points to 3.5% and the 10-year rate off 1.3 basis points to 4.08%.

Wednesday's economic calendar also has the weekly mortgage applications bulletin at 7 am, followed by the delayed import and export prices and industrial production reports, both for September, at 8:30 am and 9:15 am, respectively.

The purchasing managers' index composite final report from S&P Global (SPGI) for November is out at 9:45 am, while the Institute for Supply Management's services index for the same month posts at 10 am. The weekly EIA domestic petroleum inventories report is due at 10:30 am.

Shares of Marvell Technology (MRVL) rose 11% pre-bell as the semiconductor solutions provider agreed to acquire photonic fabric technology platform Celestial AI in a $3.25 billion deal and reported better-than-expected fiscal third-quarter earnings. CrowdStrike (CRWD) declined 1.7% following its fiscal third-quarter results.

Intel (INTC) slipped 0.4% after closing Tuesday with an 8.7% gain. American Eagle Outfitters (AEO) jumped 13% as the clothing retailer lifted its fiscal fourth-quarter outlook.

Salesforce (CRM) , Snowflake (SNOW), Guidewire Software (GWRE) , Five Below (FIVE) and UiPath (PATH) report their latest financial results after the markets close. Dollar Tree (DLTR) , Macy's (M) and Thor Industries (THO) are some of the companies expected to post earnings before the bell, among others.

West Texas Intermediate crude oil increased 1.4% to $59.43 a barrel in premarket action. Gold rose 0.4% to $4,237 per troy ounce, while bitcoin advanced 2% to $92,935.

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.