U.S. stock futures were higher ahead of Monday’s session. Markets are hoping for a rebound heading into Thanksgiving week after a recent slide that slowed this year’s AI bull run. Futures on the S&P 500 Index (SPX), the Nasdaq 100 (NDX), and the Dow Jones Industrial Average (DJIA) were up 0.68%, 0.94%, and 0.38%, respectively, at 3:30 a.m. EDT on November 24.
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The stock market will be closed on Thursday for Thanksgiving and will close early at 1 p.m. ET on Friday.
Last week, stocks closed on a mixed note as strong corporate earnings helped balance renewed volatility in tech and crypto. The S&P 500 climbed 0.98%, the Nasdaq 100 gained 0.77%, and the Dow advanced 1.08%. Bitcoin also moved higher, rising 1.43% to $85,892 after a turbulent stretch.
Looking ahead, investors are watching to see whether Friday’s rebound continues, especially after the New York Fed President signaled a December rate cut remains possible. Key macro data this week, including October U.S. retail sales and Producer Price Index readings due Tuesday, could help shape expectations going into the Fed’s final policy meeting of the year.
While most third-quarter results are in, several major companies are still set to report, including Li Auto (LI), Alibaba (BABA), Dell Technologies (DELL), Zscaler (ZS), and Nio (NIO), among others.
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