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S stock futures rose on Wednesday, poised to backtrack on a string of recent slumps as oil surged and investors continued to debate what the latest jobs data means for Federal Reserve policy and the US economy.
Contracts on the S&P 500 (ES=F) and on the tech-heavy Nasdaq 100 (NQ=F) moved up 0.4% and 0.5%, respectively. Dow Jones Industrial Average futures (YM=F) added 0.3%, after US stocks finished mixed in Tuesday's session.
CBOT - Delayed Quote•USD
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+106.00
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As of 7:59:48 AM EST. Market Open.
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Also in focus, oil jumped about 2% after President Trump ordered a blockade of sanctioned tankers off Venezuela and with the US said to be readying fresh sanctions on Russia if it rebuffs a Ukraine peace plan. West Texas Intermediate (CL=F) futures climbed to above $56 a barrel, rebounding from the lowest level in almost five years, while Brent (BZ=F) traded just below $60.
After weeks in a data vacuum, Wall Street is trying to find a clear signal in a noisy November jobs report to pinpoint a path for interest rates next year. The data out Tuesday delivered a double surprise: a bigger number of jobs added last month than expected, alongside the highest unemployment rate since 2021. Wall Street is also waiting for the other data shoe to drop: Thursday's update on consumer inflation in November.
Two key Fed members on Wednesday could offer clues on the path ahead, as the New York Fed's John Williams and Fed governor Chris Waller are set to speak at separate appearances. Waller is also reportedly interviewing with Trump on Wednesday as the president moves closer to choosing his replacement for Chair Jerome Powell.
At the same time, investors' appetite for tech stocks remains in focus as questions about the AI trade persist. Micron Technology's (MU) quarterly results are due after the bell on Wednesday and are in higher focus as those worries ripple through the sector, even as the US semiconductor maker gets a boost from the memory chip squeeze.
Tesla (TSLA) has boosted the mood for techs in recent sessions. On Tuesday, it notched its first record close in about a year, amid growing investor enthusiasm over its robotaxi ambitions.
Elsewhere in corporates, Netflix (NFLX) stock rose after Warner Bros. Discovery's (WBD) board called on shareholders to reject a rival bid from Paramount Skydance (PSKY), questioning funding guarantees.
Moving higher for three straight days is viewed as a bullish sign. Keep an eye on this stock for future growth. Considering data from situations where IWM advanced for three days, in of 319 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Momentum Indicator moved above the 0 level on January 02, 2026. You may want to consider a long position or call options on IWM as a result. In of 95 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for IWM just turned positive on January 07, 2026. Looking at past instances where IWM's MACD turned positive, the stock continued to rise in of 48 cases over the following month. The odds of a continued upward trend are .
The Aroon Indicator entered an Uptrend today. In of 264 cases where IWM Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
The RSI Indicator demonstrated that the stock has entered the overbought zone. This may point to a price pull-back soon.
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 9 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where IWM declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
IWM broke above its upper Bollinger Band on January 09, 2026. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
Category SmallBlend