07:17 AM EST, 03/05/2025 (MT Newswires) -- The main US stock measures rebounded in Wednesday's premarket activity as media reports suggested President Donald Trump could offer a compromise on tariffs against the country's key trading partners.

Standard & Poor's 500 gained 0.6%, the Dow Jones Industrial Average increased 0.5% and the Nasdaq added 0.7% before the opening bell. The majority of Asian exchanges were pointing higher while European bourses were tracking in the green.

Trump could meet Canada and Mexico somewhere "in the middle" and scale back part of the new 25% import duties on the two countries soon, Commerce Secretary Howard Lutnick reportedly said Tuesday.

Shares of CrowdStrike ( CRWD ) dropped 7.5% pre-bell as the cybersecurity company issued downbeat earnings outlooks for its fiscal first quarter and full year. Best Buy ( BBY ) inclined 1.8% after closing the previous session down 13%. Ross Stores ( ROST ) edged down 0.4% following its latest quarterly results.

Brown Forman (BF.A, BF.B), Full Truck Alliance ( YMM ) , Campbell's (CPB), Thor Industries ( THO ) , Abercrombie & Fitch ( ANF ) and Foot Locker ( FL ) are scheduled to report earnings before the bell, among others. Marvell Technology ( MRVL ) , Veeva Systems ( VEEV ) , Zscaler ( ZS ) and MongoDB ( MDB ) post their financial statements after markets close.

On the economic calendar, the weekly mortgage applications bulletin is out at 7 am ET, followed by the ADP Employment report for February at 8:15 am. The February purchasing managers' index composite final report from S&P Global (SPGI) is due at 9:45 am, while the Institute for Supply Management's services index for the same month follows at 10 am.

The factory orders report for January also posts at 10 am, followed by the weekly EIA domestic petroleum inventories report at 10:30 am. The Beige Book, a compilation of economic and business reports from the 12 regional Federal Reserve branches, is scheduled for a 2 pm release.

In premarket action, bitcoin rose 2.4% to $89,906, West Texas Intermediate crude oil decreased 1.5% to $67.21 per barrel, yields on 10-year Treasuries advanced 3.2 basis points to 4.24% and gold inched 0.2% higher to $2,926 an ounce.