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Futures up: Dow 0.1%, S&P 500 0.3%, Nasdaq 0.6%

Nov 12 (Reuters) - Wall Street futures ticked higher on

Wednesday as investors cheered a possible end to the longest

U.S. government shutdown, while an upbeat earnings outlook from

Advanced Micro Devices ( AMD ) revived optimism around AI.

AMD climbed 4.6% in premarket trading after the chip

designer said it expects annual data center chip revenue of $100

billion within the next five years, and earnings to more than

triple.

U.S. stocks came under pressure early on Tuesday after news

that Japanese technology investor SoftBank Group had

sold its stake in Nvidia ( NVDA ) and a forecast cut from AI

cloud services provider CoreWeave ( CRWV ) raised concerns about

rapidly growing valuations among tech companies.

However, the indexes cut losses as the session wore on and

the blue-chip Dow closed at a record high.

At 5:44 a.m. ET, Dow E-minis were up 53 points, or

0.11%, S&P 500 E-minis were up 19 points, or 0.28% and

Nasdaq 100 E-minis were up 139.75 points, or 0.55%.

Members of the House of Representatives headed back to

Washington on Tuesday after a recess for a vote that could

reopen the government and restore stability to air travel and

food subsidies.

The vote is due to take place on Wednesday afternoon on a

compromise that would restore funding to government agencies,

with President Donald Trump expected to sign it into law.

The 42-day long closure has weighed on the economy. In the

absence of government-collected data, both the Federal Reserve

and traders have looked to private economic indicators to gauge

the economic impact.

"The eventual unlocking of the U.S. government shutdown will

likely offer another round of upside for US stocks, which will

spill over to Europe and Asia," said Daniela Hathorn, senior

market analyst at Capital.com.

"However, the markets could be in for a shock when the

build-up of data gets released, possibly rocking market

confidence a little bit if (it) paints a worse picture than

anticipated."

Tuesday's weekly update of ADP's preliminary payroll figures

pointed to continued weakness in the labor market, with private

employers shedding an average of 11,250 jobs a week for the four

weeks ending October 25.

Traders are currently pricing in a 63% probability of a

25-basis-point reduction at December's monetary policy meeting,

according to CME Group's FedWatch tool.

With the third-quarter earnings season slowly winding down,

82% of 446 companies in the S&P 500 have reported their profits

above analyst expectations compared to a long-term average of

67%, according to LSEG data.

AI bellwether Nvidia's ( NVDA ) earnings next week could test the

optimism around the technology which has driven markets to

record highs this year, but come under more scrutiny in recent

weeks.

Among other moves, U.S.-listed shares of Tencent Music

Entertainment Group added 3% after quarterly results.

BILL Holdings ( BILL ) jumped 12.9% after sources told

Reuters that the payments firm was exploring a sale.