Dow Jones futures edged 0.11% lower, trading below 47,400 during European hours, as traders exercised caution amid weaker odds of a December Fed rate cut and the longest US government shutdown in history, delaying key data releases.

On Wednesday, Wall Street posted modest gains: Dow +0.48%, S&P 500 +0.37%, and Nasdaq 100 +0.65%, supported by stronger-than-expected private payrolls (ADP +42K in October) and a rebound in AI and semiconductor stocks, including AMD, Micron, and Broadcom.

Meanwhile, markets are eyeing a potential US Supreme Court ruling against the Trump administration’s tariff measures under the IEEPA, adding another layer of uncertainty for investors.

Overall, futures are cautious, reflecting a mix of solid economic data, Fed policy shifts, and legal trade risks.