U.S. stock futures edged higher Wednesday as investors awaited the confirmation of a deal to end the longest-ever federal government shutdown.

At 05:30 ET (10:30 GMT), Dow Jones Futures gained 100 points, or 0.2%, S&P 500 Futures climbed 25 points, or 0.4%, and Nasdaq 100 Futures rose 165 points, or 0.7%.

The main averages on Wall Street ended in mixed fashion on Tuesday, as investors weighed the likely reopening of the U.S. government with disappointing weekly jobless claims data from payroll services firm ADP, which pointed to a downturn in labor market momentum.

The broad-based S&P 500 rose 0.2% and the blue chip Dow Jones Industrial Average gained 1.2%, while the tech heavy NASDAQ Composite dropped nearly 0.3%. 

Government reopening to see data releases 

Lawmakers in the U.S. House of Representatives are likely to vote this week on a compromise which would end an historically-long government shutdown.

Hopes that the government will soon reopen were bolstered earlier this week, when the U.S. Senate approved a bill to secure federal funding for most agencies until January 30.

The bill will now head to the House of Representatives, where the body’s Republican majority means the body is likely to approve the bill, before Presdident Donald Trump signs it into law.

For financial markets, reopening the government would mean the return of several official economic indicators, including a monthly jobs report, which have been delayed by the shutdown. These data points are crucial because they help investors and policymakers alike assess the state of the U.S. economy.

The data blackout has made the path ahead for Federal Reserve interest rates particularly murky, leaving the outcome of the central bank’s final monetary policy meeting in December largely uncertain.

According to the Wall Street Journal, Fed members remain divided on whether to cut rates at the gathering, after having slashed borrowing costs by 25 points at prior two meetings in October and September.

Markets are pricing in a 61.9% chance for a 25 basis point cut in the Fed’s December 10-11 meeting, up from 57.8% yesterday, CME Fedwatch showed. 

Cisco due to report 

On the earnings calendar, markets will be keeping close tabs on results from networking gear provider Cisco Systems (NASDAQ:CSCO) after the closing bell.

Cisco has faced a solid backdrop in recent months, underpinned by the surge in enthusiasm for AI, which has fueled soaring hyperscale cloud investments and driven IT infrastructure financing.

Elsewhere, Oklo (NYSE:OKLO) stock edged higher even after its third-quarter loss widened from a year ago, as the nuclear power startup works toward getting regulatory approval for its technology.

Chevron (NYSE:CVX) will also be in the spotlight, with the oil major set to reveal its latest strategy update later in the session following a massive $55 billion acquisition of smaller peer Hess.

Crude retreats 

Oil prices retreated Wednesday, handing back some of the previous session’s gains brought about by expectations that an end to the longest-ever U.S. government shutdown could boost demand in the world’s biggest crude-consuming nation.

Brent futures dropped 0.9% to $64.58 a barrel, and U.S. West Texas Intermediate crude futures fell 1% to $60.46 a barrel.

Both contracts posted gains of at least 1.5% on Tuesday as traders hoped that the likely end to the U.S. government shutdown would ead to a rebound in travel ahead of the upcoming holiday season.