"US Stock Futures Rise as ADP Labor Data Tests Fed Hopes"

US stock futures rose as investors awaited data on the labor market to gauge the Federal Reserve's next policy move. The soft reading on job openings has increased optimism for interest rate cuts, but some strategists warn that these bets may be overdone. Investors will closely watch the ADP private-payrolls numbers and the upcoming monthly jobs report for signs of weakness that could influence the Fed's decision. Bitcoin briefly surged past $44,000 before giving up gains, while the CEOs of major banks will testify before the Senate's banking committee.