US stock futures edged higher Wednesday, signaling a possible rebound after Tuesday's dip driven by strong economic figures. By 03:27 ET, S&P, Nasdaq, and Dow futures rose 0.2% each. The previous session saw declines as 10-year Treasury yields surged to an eight-month high, reflecting strong job openings and inflationary pressures.
Market watchers anticipate further economic insights from Wednesday's labor data, including private payroll figures from ADP and initial jobless claims. These could shape expectations for Federal Reserve monetary policy, with the first rate cut anticipated in July. Investors are also eyeing Fed Governor Christopher Waller’s remarks for policy hints.
Exxon Mobil warned of a $1.75 billion dip in Q4 earnings, driven by weaker refining margins and timing effects. While upstream asset sales may boost income by $400 million, overall impairment charges could total $600 million. Analysts project Q4 earnings of $1.76 per share, significantly below last year’s $2.48.
Samsung forecasted a lower-than-expected Q4 operating profit of 6.50 trillion won ($4.5 billion), falling short of Bloomberg's 8.96 trillion estimate. The tech giant struggles to meet demand for AI-focused memory chips, lagging competitors like SK Hynix and Micron.
Oil prices rose, with WTI and Brent climbing to $74.87 and $77.56 per barrel, respectively. Industry data showed US crude inventories dropped by over 4 million barrels last week, surpassing expectations. OPEC production also declined in December, further supporting prices.
These developments reflect ongoing shifts in markets influenced by economic data, corporate performance, and global energy trends.


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