Stock Futures Rise as Wall Street Rally Resumes

Stock futures rose on Wednesday as investors remained hopeful that the Federal Reserve would not raise interest rates further. Traders aimed to build on strong gains for the month, with the Dow Jones Industrial Average futures up 0.3% and S&P 500 futures and Nasdaq 100 futures up 0.3% and 0.4% respectively. General Motors shares surged over 5% after announcing a $10 billion buyback, raising its dividend, and reinstating its guidance. Meituan's Hong Kong-listed shares plunged over 11% as the company warned of slower growth in the fourth quarter. Goldman Sachs highlighted South Korea as offering the highest potential earnings growth in the Asia-Pacific region next year, while the New Zealand dollar jumped 1% after the Reserve Bank of New Zealand held rates and warned of potential rate hikes to tackle inflation.