US stock futures saw a rise on Sunday night as investors hoped for a turnaround heading into the shortened Thanksgiving trading week. This comes after a recent pullback that has cooled the AI-driven market rally seen earlier in the year.
Dow Jones Industrial Average futures (YM=F) were up by approximately 200 points or 0.4%, while S&P 500 futures (ES=F) advanced by 0.6%. Nasdaq-100 futures (NQ=F) also climbed by 0.9%. With US markets closed on Thursday for Thanksgiving and closing early at 1 p.m. ET on Friday, traders are looking to make the most of the shortened trading week.
Equities are attempting to extend Friday’s rebound, which was sparked by comments from Federal Reserve Bank of New York president John Williams indicating that a December rate cut is still a possibility. Despite this, major indexes have seen notable losses in November as investors reassess the high valuations of AI-aligned stocks.
The S&P 500 fell by 2% last week, widening its month-to-date decline to 3.5%. The Nasdaq Composite slid by 2.7% and is now down 6.1% for the month, while the Dow dropped by 1.9% over the week and is off by 2.8% for the month.
This week, the Supreme Court is expected to issue a ruling on the legality of Trump’s tariffs. The Commerce Department and the Office of the US Trade Representative are preparing for potential outcomes and mapping out a plan for international trade in case the ruling goes against the administration.
As the impact of the longest government shutdown in US history continues to be felt, data releases are slowly coming back into circulation. While a return to a full economic calendar is still a ways off, traders can look forward to data on producer prices in September from the Bureau of Labor Statistics and the Census Bureau’s retail sales data for the same month, both set to be released on Tuesday.
Earnings season continues with a week of muted releases. Alibaba Holdings (BABA), Dell Technologies (DELL), and retailers like Kohl’s (KSS) and Best Buy (BBY) are among the highlights of the holiday-shortened week.
Stay tuned for stock market coverage for Monday, November 24, 2025, as the market continues to navigate through this volatile period.
