US stock futures climbed Sunday night, giving investors a little hope after November’s rollercoaster. People are heading into the Thanksgiving-shortened week looking for some calm, especially after heavy selling earlier this month took the wind out of the big AI rally. Dow futures immediately saw a 200-point increase. Nasdaq futures and the S&P 500 both saw strong early gains.
Fed Comments Spark Optimism Ahead of Holiday Week
What’s driving this shift? Friday’s rally definitely helped. New York Fed President John Williams dropped a hint that a December rate cut isn’t off the table. Traders loved that. After weeks of nerves around high-flying tech and AI stocks, his comments gave everyone a shot of optimism.
Still, November’s been tough. The S&P 500 fell 3.5% up to now, while Nasdaq sank more than 6%; meanwhile, the Dow dipped close to 3%. Since concerns over rates linger, along with weak earnings results, people are unsure what’ll happen next.
Key Economic Data and Earnings on Watch
Now, even with the holiday week, there’s a handful of key economic numbers on deck. The US is still bouncing back from the longest government shutdown ever, so traders are watching Tuesday’s producer price data and retail sales numbers closely.
Earnings-wise, it’s a quieter week, but a few big names are up—Alibaba, Dell Technologies, Best Buy, and Kohl’s. Meanwhile, everyone’s watching President Trump’s tariff policies
, with the Supreme Court about to weigh in on their legality. That decision could swing market sentiment as we wrap up the year.
