US pre-open: Futures lower as tech stocks, cryptocurrencies weigh
By Iain Gilbert
Date: Monday 01 Dec 2025
(Sharecast News) - Wall Street futures were in the red ahead of the bell on Monday as tech stocks and crypto weakness puts pressure to major indices.
As of 1220 GMT, Dow Jones futures were down 0.41%, while S&P 500 and Nasdaq-100 futures had the indices opening 0.61% and 0.75% lower, respectively.
The Dow closed 289.30 points higher on Friday as markets wrapped up an otherwise disappointing month on a high.
Recent market weakness has centred on technology stocks, particularly AI‑linked names, which dragged the Nasdaq into its first monthly decline in seven months. November's pullback broke a six‑month winning streak for the Dow and S&P 500, leaving investors cautious about valuations and sector profitability. Nvidia, AMD and Oracle all traded lower before the opening bell.
Cryptocurrencies were also in focus prior to the open as they continued to slide lower and add to financial stress for investors holding positions across a range of traditional asset classes. Analysts said the pullback highlighted lingering fragility in risk appetite, with crypto volatility amplifying concerns even as broader markets look to build on last week's rebound. Bitcoin fell more than 5% early on Monday to trade under $87,000, extending recent weakness in the flagship cryptocurrency.
On the macro front, S&P Global's November manufacturing PMI will be published at 1445 GMT, while the Institute for Supply Management's November manufacturing PMI and October construction spending figures will follow at 1500 GMT.
A speech from Federal Reserve chairman Jerome Powell at 0100 GMT was also likely to draw investor attention.
No major corporate earnings were slated for release.
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