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Futures up: Dow 0.08%, S&P 500 0.09%, Nasdaq 0.19%

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Nebius ( NBIS ) jumps after $17.4B deal with Microsoft ( MSFT )

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UnitedHealth ( UNH ) sees in-line top-rated Medicare plan

memberships

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Teck Resources climbs on merger deal with Anglo American

(Updates before markets open)

By Purvi Agarwal and Ragini Mathur

Sept 9 (Reuters) -

Wall Street futures pointed to a slightly higher open on

Tuesday, a day after major U.S. indexes closed near record

peaks, as investors remained cautious ahead of an impending

employment rate revision.

The Bureau of Labor Statistics is set to release a

preliminary estimate of the nonfarm payrolls benchmark at 10

a.m. ET, with economists predicting that the level of U.S.

employment for the 12 months through March could be slashed by

as much as a million jobs.

Recent labor market indicators have already cast shadows of

concern across the minds of investors and Federal Reserve

officials alike, with nonfarm payroll data for July and August

confirming weakening labor market conditions.

The latest report has led traders to fully price in a

25-basis-point reduction in interest rates next week, while bets

also surfaced for a larger 50-bps trim, which stand at 8%,

according to CME's FedWatch tool.

"Given the recent softness in the labor market data, even if

we were to see elevated inflation data this week, the Fed would

cut rates next week," said Chris Kampitsis, managing partner at

Barnum Financial Group.

"But that would be a 'one and done' rate cut, especially

if inflation data remains elevated in the near-term."

At 8:26 a.m. ET, Dow E-minis were up 35 points,

or 0.08%, S&P 500 E-minis were up 6 points, or 0.09% and

Nasdaq 100 E-minis were up 44.5 points, or 0.19%.

Meanwhile, Nebius ( NBIS ) soared about 54% in premarket

trading after the AI infrastructure firm signed a $17.4-billion

deal with Microsoft ( MSFT ). Rival CoreWeave ( CRWV ) also rose

6.6%.

Inflation reports due this week will also be on investors'

radar to gauge the impact of President Donald Trump's tariff

policies on the U.S. economy, and whether a case could be made

for a bigger rate cut.

The three main indexes finished Monday's session on a higher

note, with the tech-heavy Nasdaq closing at a record, lifted by

a rally in chip major Broadcom ( AVGO ).

Wall Street has had a broadly positive start to September, a

month deemed historically bad for U.S. equities, with the

benchmark index losing 1.5% on average since 2000, data compiled

by LSEG showed.

In other stocks, UnitedHealth ( UNH ) gained 3.9% before the

bell after the health insurer said it expects enrollment in

top-rated Medicare insurance plans to be in line with its

expectations.

U.S.-listed shares of Teck Resources jumped 18.2%

after the miner agreed to merge with London-listed Anglo

American on Tuesday.

Tourmaline Bio ( TRML ) jumped more than 58% after Swiss

pharma giant Novartis said it would acquire the

biopharmaceutical company for $1.4 billion.

Class B shares of Fox Corp and News Corp

dipped 5.4% and 4.8% respectively. Rupert Murdoch and his

children reached an agreement that will give the eldest son

Lachlan Murdoch control over the media empire.