Stock market today: Dow, S&P 500, Nasdaq futures leap sparking hopes of a rebound to balance November losses

Dow Jones Industrial Average futures (YM=F) added astir 200 points oregon 0.4%, portion S&P 500 futures (ES=F) precocious 0.6%. Nasdaq-100 futures (NQ=F) climbed 0.9%. US markets volition beryllium closed Thursday for the Thanksgiving vacation and volition unopen aboriginal astatine 1 p.m. ET connected Friday.

The determination comes arsenic equities effort to widen Friday’s rebound, sparked aft Federal Reserve Bank of New York president John Williams suggested that a December complaint chopped remains a possibility. Even so, large indexes person suffered notable losses successful November arsenic investors reassess lofty valuations crossed AI-aligned stocks.

The S&P 500 dropped 2% past week, widening its month-to-date diminution to 3.5%. The Nasdaq Composite slid 2.7% and is present down 6.1% successful November. The Dow fell 1.9% implicit the week and is disconnected 2.8% for the month.

This week sees the Supreme Court issuing a ruling connected whether Trump's tariffs were issued legally, arsenic the Commerce Department and the Office of the US Trade Representative hole a roadmap for planetary commercialized if the ruling goes against the administration.

While inactive moving done the interaction of the longest authorities shutdown successful US history, information releases are opening to trickle backmost into circulation, though a instrumentality to the afloat economical calendar is inactive a ways off.

Traders tin support their eyes connected information connected shaper prices successful September from the Bureau of Labor Statistics and the Census Bureau's retail income information for the aforesaid month, with some reports owed retired Tuesday amid a unreserved of information up of the Thanksgiving weekend.

Earnings play continues with a week of muted releases. Alibaba Holdings (BABA), Dell Technologies (DELL), and a smattering of retailers including Kohl's (KSS) and Best Buy (BBY) are the highlights of the holiday-shortened week.