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Futures up: Dow 0.18%, S&P 500 0.28%, Nasdaq 0.50%

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Advanced Micro Devices ( AMD ) gains after upbeat long-term

forecasts

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BILL Holdings ( BILL ) jumps after report of firm exploring sale

(Updates with quote, prices)

By Twesha Dikshit and Purvi Agarwal

Nov 12 (Reuters) -

Wall Street futures ticked higher on Wednesday as investors

were optimistic of a possible end to the longest U.S. government

shutdown, while an upbeat earnings outlook from Advanced Micro

Devices ( AMD ) revived optimism around the AI trade that has taken a

hit recently.

AMD advanced 5.7% 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 7:10 a.m. ET, Dow E-minis were up 88 points, or

0.18%, S&P 500 E-minis were up 19.25 points, or 0.28%

and Nasdaq 100 E-minis were up 128.5 points, or 0.50%.

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.

"U.S. government shutdowns have historically had only a

muted market impact, so any quick shift in investor sentiment

should not come as a surprise," said analysts at UBS Global

Wealth Management.

"As official economic data resumes following the reopening

of the government, more evidence of a cooling labor market

should clear the path for further Fed easing."

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.

A host of Fed policymakers, including New York President

John Williams and Governor Christopher Waller, are scheduled to

speak later in the day.

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 3.4% after quarterly results.

BILL Holdings ( BILL ) jumped 11.1% after sources told

Reuters that the payments firm was exploring a sale.

President Donald Trump is expected to host a private dinner

with top business executives, including ones from the Nasdaq and

JPMorgan Chase.