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Futures up: Dow 0.34%, S&P 500 0.25%, Nasdaq 0.05%

Aug 6 (Reuters) - U.S. stock index futures rose on

Wednesday amid growing expectations of the Federal Reserve's

interest rate cuts this year, while investors assessed a new

wave of corporate earnings.

At 5:37 a.m. ET, S&P 500 E-minis were up 16 points,

or 0.25%, Nasdaq 100 E-minis were up 11.75 points, or

0.05% and Dow E-minis were up 149 points, or 0.34%.

Advanced Micro Devices ( AMD ) dropped 5.9% in premarket

trading after the chipmaker reported disappointing revenue from

data center, an artificial intelligence chip segment that

investors have been betting for higher growth.

AI server maker Super Micro also underwhelmed as it

missed fourth-quarter revenue estimates, sending its shares

plunging 16.7%. Shares of rivals Dell Technologies ( DELL ) and

HP Enterprise fell 3% and 0.9%, respectively.

Attention will be on earnings reports from Disney ( DIS )

, Uber ( UBER ) and McDonald's due before the

opening bell. Airbnb, DoorDash ( DASH ) and Lyft ( LYFT )

will report after the market closes.

The damage from U.S. trade war on results of Yum Brands ( YUM )

, Caterpillar ( CAT ), and Marriott ( MAR ) as well as a

series of weak economic data pushed Wall Street lower on

Tuesday.

Data showed U.S. services activity unexpectedly stalled in

July, with businesses saying President Donald Trump's new tariff

rates are pushing costs higher.

That followed Friday's report, which showed weaker

employment growth in July and sharp downward revisions for the

previous two months - suggesting deteriorating labor market

conditions that increased bets for a rate cut in September.

According to the CME Group's FedWatch tool, odds for a

September rate cut stand at 85.5%, up from 46.7% a week ago,

while traders see at least two cuts by the end of 2025.

Trump's tariff threats showed no signs of easing. The

president on Tuesday said he would impose a "small tariff" on

pharmaceutical imports before hiking it to triple-digit

percentage in a year or two.

Trump also announced plans for new levies on semiconductors

and chips in the "next week or so."

Adding to the uncertainty, Trump will decide on a nominee to

replace outgoing Fed Governor Adriana Kugler by the end of the

week, while saying he narrowed the possible replacements for Fed

Chair Jerome Powell to a short list of four.

Economies worldwide were still scrambling to strike

favorable deals with Washington. Beijing's trade truce with the

U.S. is set to expire on August 12, as the world's two largest

economies move toward an agreement.

Among other movers, Arista Networks ( ANET ) jumped 13%

after the cloud networking firm forecast third-quarter revenue

above analysts' estimates.

San Francisco Fed President Mary Daly, Boston Fed chief

Susan Collins and Fed Board Governor Lisa Cook are scheduled to

speak later in the day.