U.S. stock futures held steady on Monday night after major indexes bounced back, lifted by strength in AI stocks and renewed optimism for a Fed rate cut. Futures on the S&P 500 Index (SPX), the Nasdaq 100 (NDX), and the Dow Jones Industrial Average (DJIA) were up 0.06%, 0.08%, and 0.11%, respectively, at 12:44 a.m. EDT on November 25.
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Stocks rallied on Monday, kicking off the shortened trading week with broad gains. The S&P 500 rose nearly 1.6%, while the Nasdaq jumped 2.7%, its best day since May 12, as major tech names bounced back after a rough month. The Dow also finished higher, adding about 203 points, or 0.4%.
Meanwhile, traders remain focused on any developments that could influence the Federal Reserve’s upcoming policy decision.
Earnings from several major companies, including Alibaba Group Holding Ltd. (BABA), Nio Inc. (NIO), Analog Devices Inc. (ADI), NetApp Inc. (NTAP), HP Inc. (HPQ), and Dell Technologies Inc. (DELL), are also in focus.
The stock market will be closed on Thursday for Thanksgiving and will close early at 1 p.m. ET on Friday.
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