Here are 10 things you should know for Wednesday, Dec. 2:
1. -- U.S. stock futures rose Wednesday ahead of a speech from Federal Reserve Chair Janet Yellen and jobs data from the United States.
European stocks gained as weak consumer price data stoked hopes of action from the European Central Bank on Thursday.
Asian shares ended the session mixed.
2. -- The economic calendar in the U.S. on Wednesday includes the ADP National Employment Report for November at 8:15 a.m. EST, Productivity and Costs for the third quarter at 8:30 a.m., and the Federal Reserve's "Beige Book" at 2 p.m.
3. -- U.S. stocks on Tuesday finished higher. The S&P 500 rose 0.71%, the Dow Jones Industrial Average added 0.58%, and the Nasdaq gained 0.68%.
4. -- Yahoo!'s (YHOO) board is planning a series of meetings this week to consider selling off the company's Internet businesses and how to make the most of its stake in Chinese e-commerce company Alibaba (BABA - Get Report) , The Wall Street Journal reported.
The board is expected to discuss its options in sessions from Wednesday through Friday, the Journal reported, citing people familiar with the plans.
Directors are likely to discuss whether to proceed with a plan to spin off its investment in Alibaba, currently worth more than $30 billion, find a buyer for Yahoo!'s of Web properties, or both, the people said.
Private-equity firms are expected to be among those taking a look at Yahoo!'s core business, people familiar with the matter said.
The board also may consider the future of CEO Marissa Mayer and her attempts to turn around Yahoo!'s fortunes, the Journal reported.
The stock rose 5.3% in premarket trading on Wednesday.
In a post to his Facebook account, Zuckerberg announced a plan to help fund the Chan Zuckerberg Initiative, named after he and his wife, Dr. Priscilla Chan, in which he will give away 99% of his Facebook stock during the couple's lives to help promote and "advance human potential and promote equality for all children in the next generation."
Zuckerberg filed an 8-K with the Securities and Exchange Commission detailing the plan to donate the shares. In the filing, Facebook said Zuckerberg "plans to sell or gift no more than $1 billion of Facebook stock each year for the next three years and that he intends to retain his majority voting position in our stock for the foreseeable future."
6. -- Federal Reserve Chair Janet Yellen will speak Wednesday to the Economic Club of Washington, where it's expected she could clarify the case for a hike in U.S. interest rates ahead of the central bank's meeting on Dec. 15-16, Reuters reported.
Yellen also is expected to speak Thursday at a hearing before Congress' Joint Economic Committee.
Most market participants expect the Fed to hike rates this month, but Fed Gov. Lael Brainard called for a "cautious and gradual approach to adjusting monetary policy." She urged the Fed to move slowly in what could be its first rate hike in nine years.
7. -- Buyout firms KKR & Co. (KKR - Get Report) , Thoma Bravo and Vista Equity Partners Management are competing for $4 billion worth of Dell's assets, Reuters reported, citing people familiar with the matter.
Divesting the assets would help Dell bolster its balance sheet after it agreed in October to buy data storage company EMC (EMC) for $67 billion. That deal is expected to close by October 2016, subject to approval by EMC shareholders.
The three private-equity firms are vying for Dell's Quest Software, which helps with information technology management, as well as SonicWall, an e-mail encryption and data security provider, the people told Reuters.
8. -- Citigroup (C - Get Report) plans to leave its bonus pool unchanged from 2014, joining JPMorgan Chase (JPM - Get Report) in a move that puts pressure on their weakened rivals in Europe, Bloomberg reported, citing a person briefed on the matter.
Citigroup told senior managers Tuesday about the compensation figures, which may yet change depending on how markets perform in the year's final month, the person told Bloomberg. Heads of trading desks will get a chance to push for more pay in talks during coming weeks. Rank-and-file employees won't learn what they'll get until after December's holidays, according to Bloomberg.
On Deck shares jumped 6% in premarket trading on Wednesday.
JPMorgan will use On Deck's small business lending platform and the OnDeck Score to serve its small business customers. The partnership is expected to begin next year.