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Dow Futures Rebound

AAPL

U.S. stock futures rebounded on Wednesday following a session defined by major weakness in technology stocks.

Futures for the Dow Jones Industrials recovered 78 points, or 0.2%, to 34,098.

Futures for the S&P 500 gained 15.25 points, or 0.4%, to 4,173.50.

Futures for the NASDAQ Composite index advanced 81 points, or 0.6%, to 13,617.

Major tech shares rebounded in early trading. Apple and Tesla gained about 1% each after falling 3.5% and 1.7% respectively on Tuesday.

There was good earnings news in the tech sector as well. Activision Blizzard rose nearly 3% and ride-hailing company Lyft gained 6% in premarket trading after better-than-expected earnings reports.

Outside of tech, General Motors shares jumped 2% in early trading after earnings blew past expectations.

Private payroll data will also be released Wednesday at 8:15 a.m. ET. Economists polled by Dow Jones are expecting 800,000 private jobs added in April, compared to the 517,000 in March, according to ADP. These numbers come ahead of Friday's closely-watched jobs report.

Two key readings on the services sector will also be released on Wednesday morning.

Overseas, in Hong Kong, the Hang Seng index scaled back 0.5% Wednesday, while markets in Japan were closed for holiday.

Oil prices added 66 cents to $66.35 U.S. a barrel.

Gold prices picked up $1.80 to $1,777.80 U.S.