US stocks look set to open higher in Wednesday's trading session as investors await Nvidia's (NVDA) earnings report and look ahead to key data coming out Thursday, including initial jobless claims, the Philadelphia Fed Manufacturing Index, and annual existing home sales.

The Dow Jones Industrial Average futures were rising 0.2%, S&P 500 futures were up 0.1%, and Nasdaq futures were moving 0.1% higher.

Oil prices were moving higher, with front-month global benchmarks Brent crude and West Texas Intermediate crude rising 0.49% and 0.65% respectively.

In other world markets, Japan's Nikkei was off 0.2%, Hong Kong's Hang Seng gained 0.2%, and China's Shanghai Composite closed 0.7% higher. Meanwhile in Europe's early afternoon session, the UK's FTSE 100 was up 0.2%, while Germany's DAX and France's CAC rose 0.4% and 0.5% respectively.

In equities, shares of Quantum-Si (QSI) soared more than 135% in Wednesday's premarket activity after the company and SkyWaterTechnology (SKYT) said they expanded their collaboration to support the development of Quantum-Si's Proteus platform for proteomic research. Shares of Carter Bankshares (CARE) surged 33% after a modest loss Tuesday. Hall of Fame Resort & Entertainment (HOFV) was up 22% after a 1% gain the previous session. Tevogen Bio (TVGN) stock climbed 23% after the company reported Q3 financial results Wednesday and said that "nearly all" liabilities have been eliminated. Shares of Nauticus Robotics (KITT) rose 20% after the company said late Tuesday that it plans to integrate and test its ToolKITT software on a remotely operated vehicle.

On the losing side, shares of PainReform (PRFX) tumbled more than 28% after the company said Wednesday that data essential for assessing the primary endpoint of a phase 3 trial evaluating PRF-110 "is currently unclear due to incoherence of the data." Avanos Medical (AVNS) shares lost 19%, adding to a 1.8% loss the previous session. Shares of Parke Bancorp (PKBK) were also down 19% after a marginal loss the previous session. Shares of Target (TGT) dropped 16% after it reported a fiscal Q3 miss and issued lower-than-expected fiscal Q4 and 2024 adjusted EPS guidance. Volato Group's (SOAR) stock fell nearly 15% after jumping 122% on Tuesday.