US stock futures rebounded from early losses to trade higher on Wednesday, with S&P 500 and Nasdaq 100 contracts up 0.4% and Dow Jones futures gaining nearly 60 points, halting the sharp selloff seen in the previous sessions. Nvidia rose 0.9% in premarket trading as investors await its earnings report after the closing bell, viewed as a key test for big tech. Lowe’s jumped more than 5% after beating earnings expectations, while Target slipped 1% following a drop in quarterly sales and a downgrade to its full-year profit outlook. TJX Companies, Palo Alto Networks, and Deere & Company are also set to report today. Traders are additionally awaiting the latest trade balance data and the release of the FOMC meeting minutes. Market odds currently imply around a 49% chance of a 25 bps rate cut next month.