Traders work on the floor of the New York Stock Exchange (NYSE) on November 25, 2025 in New York City, USA.
Brendan McDiarmid | Reuters
Stock futures are nearing a flatline on Tuesday night following back-to-back wins for the major averages.
Futures linked to the Dow Jones Industrial Average It increased by 21 points or 0.04%. S&P futures and Nasdaq 100 futures Both remained almost unchanged.
Three U.S. stock indexes ended higher on Tuesday after volatile trading. 30 shares Dow Jones Industrial Average He closed the gap by more than 660 points (1.4%) and recorded his third consecutive positive session. Several tech stocks also rose, lifting the overall market. alphabet The stock hit a new all-time high on reports that Meta Platforms is considering using Google’s parent company’s TPU chips in 2027. Nvidia On the other hand, it decreased by more than 2.5%.
“Stocks are trying to recover from the decline of the past few weeks, which suggests the bull market is still in full swing,” said Clark Bellin, president and chief investment officer at Bellwether Wealth. “The depth of November’s market pullback was only about 4% from the late October high, well below the typical correction threshold of 10%.”
“While we expect the stock market to return to these highs, there are no clear upside factors that will push the market higher between now and the end of the year,” Belin added.
Investors continue to monitor catalysts that could influence the Federal Reserve’s next interest rate move. Traders are pricing in about an 85% chance that the Fed will cut interest rates by a quarter of a percentage point in December, according to the CME FedWatch tool.
Treasury Secretary Scott Bessent told CNBC earlier Tuesday that it was “very likely” that President Trump would “make an announcement before Christmas” about the next Fed chair. He has said he is meeting with candidates, but after Bloomberg reported that he had emerged as his frontrunner, hopes have shifted to White House National Economic Council Chairman Kevin Hassett. Hassett is seen as the person likely to push for rate cuts.
Looking at the big picture, November was a tough month for stocks. All three U.S. indexes have had a down month, as concerns about soaring valuations have dampened the momentum of some high-flying tech stocks. of S&P500 It fell by about 1.1% in November, but there were many high-tech industries. Nasdaq Composite It decreased by nearly 3%. The Dow Jones Industrial Average has fallen about 1% since the beginning of the month.
