(For a Reuters live blog on U.S., UK and European stock

markets, click or type LIVE/ in a news window.)

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Futures up: Dow 0.15%, S&P 500 0.18%, Nasdaq 0.17%

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Wells Fargo ( WFC ) shares rise after Fed ends growth freeze

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CrowdStrike ( CRWD ) falls on downbeat quarterly revenue forecast

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ADP jobs data, S&P Global and ISM's services sector PMI

reports

on tap

(Updates with prices)

By Kanchana Chakravarty and Sukriti Gupta

June 4 (Reuters) - U.S. stock index futures nudged

higher on Wednesday as Hewlett Packard Enterprise's ( HPE ) results

fanned AI optimism and some tech shares gained, while investors

awaited fresh data to better gauge the economic fallout of

President Donald Trump's tariffs.

Shares of HPE rose 5.7% in premarket trading as

demand for the company's artificial-intelligence servers and

hybrid cloud segment helped it beat estimates for second-quarter

revenue and profit.

AI chip leader Nvidia ( NVDA ) edged up 0.7%, extending

gains from earlier this week. Other chipmakers including

Broadcom ( AVGO ) and Advanced Micro Devices ( AMD ) also moved

higher.

A gauge of global stocks touched record

highs despite uncertainty around U.S. trade policies.

Washington doubled tariffs on imported steel and aluminum

to 50% on Wednesday, the same day by which Trump had wanted

trading partners to make their best offers to avoid other

punishing import levies from taking effect in early July.

Investor focus is squarely on tariff negotiations between

Washington and its trading partners, with Trump and Chinese

leader Xi Jinping expected to speak sometime this week as

tensions between the world's top two economies simmer.

"All eyes are on China given it is currently the biggest

loser from Trump's new trade policy, and it looks like we're

still some way off from a deal between the two countries," said

Russ Mould, investment director at AJ Bell.

At 07:10 a.m. ET, Dow E-minis were up 65 points, or

0.15%, S&P 500 E-minis were up 11 points, or 0.18%, and

Nasdaq 100 E-minis were up 37.5 points, or 0.17%.

May was the best month for the S&P 500 index and the

tech-heavy Nasdaq since November 2023, thanks to a

softening of Trump's harsh trade stance.

With fresh tariff announcements in place, the S&P 500

remains about 3% away from its record highs touched in February.

Barclays joined a slew of other brokerages in raising its

year-end price target for the S&P 500, pointing to easing trade

uncertainty and expectations of normalized earnings growth in

2026.

Data releases scheduled for Wednesday include ADP National

Employment numbers for May as well as S&P Global and ISM's

services sector activity readings for May.

Ahead of a U.S. central bank meeting next week, monthly jobs

data due on Friday will likely offer more signs on how trade

uncertainty is affecting the U.S. economy.

Among other early movers, Wells Fargo ( WFC ) shares rose

2.9% after the U.S. Federal Reserve removed a $1.95 trillion

asset cap imposed in 2018 following years of missteps.

Shares of cybersecurity firm CrowdStrike ( CRWD ) fell 7.2%

after it forecast quarterly revenue below estimates.

Apple ( AAPL ) nudged 0.6% lower after brokerage Needham

downgraded the iPhone maker to "hold" from "buy".

Dollar Tree ( DLTR ) fell 3.8% after the discount store

operator forecast second-quarter adjusted profit would be as

much as 50% lower than a year ago due to tariff-driven

volatility.