Nasdaq-100 futures led major U.S. indices on Wednesday, with the March contract forming an outside range day. Prices reached a high of 25,465'25, up 1.06%, before retreating to settle near the middle of the session range. While the index showed strength, sector performance was mixed; information technology rose 0.71% while consumer discretionary declined 0.51%. Market participants reacted to a robust non-farm payrolls report which showed a falling unemployment rate alongside an increase in the labor force participation rate. This evidence of labor market strength caused a reversal in early Treasury yield declines and led markets to price interest rate cuts further into the 2026 calendar, creating a slight headwind for equity futures.