Stock futures were rising on Wednesday as investors hoped for progress in cease-fire talks between the U.S. and Iran and a swift end to end war in the Middle East.

These stocks were making moves in premarket trading:

Meta Platforms climbed 1.1% after the Facebook and Instagram owner introduced executive pay incentives tied to hitting a $9 trillion market capitalization by 2031. The Facebook owner's valuation stood at $1.5 trillion as of Tuesday's closing bell.

Alibaba added 3.8% and JD.com gained 3.9%. China's State Administration for Market Regulation appeared to signal on Wednesday that it would move to end the food delivery price war, which has squeezed margins in recent years.

GameStop ticked up 0.6% after the videogame retailer reported lower profit and revenue for the fourth quarter. Software and hardware sales fell and GameStop's Bitcoin holdings also lost value over the period.

Newmont Mining jumped 5.4% and Freeport-McMoRan advanced 3.1% as gold prices rallied. Investors are hopeful a swift end to the war in the Middle East would weaken the case for higher interest rates. When borrowing costs rise, gold becomes less appealing relative to interest-bearing assets such as bonds.

DigitalOcean Holdings, Inc. tumbled 8.1% after the artificial-intelligence software company announced it had commenced a public offering of $700 million worth of shares. DigitalOcean plans to use the money raised to invest in infrastructure and pay down its debt.

$KB Home(KBH)$ slid 2.3% after the homebuilder cut its full-year guidance, warning that the conflict in the Middle East could drive up uncertainty in the housing market.

Cintas, Paychex, Chewy, Winnebago Industries, Karman, and Jefferies are all set to report earnings on Wednesday.