US pre-open: Futures mixed ahead of holiday shortened week
By Iain Gilbert
Date: Monday 24 Nov 2025
(Sharecast News) - Wall Street futures were in the green ahead of the open on Monday as traders geared up for the Thanksgiving holiday shortened week, following recent weakness that has dented this year's AI‑driven rally.
As of 1225 GMT, Dow Jones futures were up 0.05%, while S&P 500 and Nasdaq-100 futures were 0.35% and 0.57% higher, respectively.
The Dow closed 493.15 points higher on Friday, more than reversing losses recorded in the previous session, but all three major averages still turned in a weekly loss following a dramatic sell-off in AI-linked stocks.
Monday's pre-market moves follow Friday's gains, which came after New York Federal Reserve president John Williams signalled scope for "further adjustment" to interest rates, leaving the door open to a potential cut in December. Futures markets now price in almost a 70% chance of a quarter‑point cut at the FOMC's final meeting of the year on 10 December, up from around 44% a week earlier.
Rostro's Joshua Mahony said: "US futures point towards a positive start today for tech stocks, with traders hopeful that last week's Nvidia earnings could finally see a line drawn under this latest period of AI concern. Notably, Friday saw rumours that Nvidia could be allowed to sell H200 chips in China, marking a massive new source of revenue considering the sheer size of the Chinese market.
"Notably, the recent crypto weakness also could play a part in sentiment, with the widespread popularity in this asset class meaning that declines will force traders and investors to recalibrate positions elsewhere in their portfolio. Thus, while we have grown accustomed to crypto taking its lead from risk attitudes seen in equity markets, the trajectory of bitcoin could play a significant role in driving year-end sentiment for tech stocks this time around."
On the macro front, the Dallas Federal Reserve's November manufacturing index will be published at 1530 GMT.
In the corporate space, Zoom Communications will report its latest quarterly earnings after the close.
Reporting by Iain Gilbert at Sharecast.com
Email this article to a friend
or share it with one of these popular networks:
You are here: news
10 Lower Thames St,
London EC3R 6EN