Stock market today: Dow, S&P 500, Nasdaq futures slide as Wall Street enters final trading month of 2025

US banal futures slid Sunday night, arsenic Wall Street's beardown late-November rebound looked acceptable to deed a velocity bump successful the archetypal trading time of December.

Contracts connected the Dow Jones Industrial Average (YM=F) fell 0.4%. S&P 500 futures (ES=F) fell 0.5%, and Nasdaq 100 futures (NQ=F) slid by 0.7%.

The declines travel a holiday-shortened week of gains for equities. The S&P 500 (^GSPC) surged 3.7% and the Nasdaq Composite (^IXIC) jumped astir 5%, snapping retired of a choppy November. The Dow (^DJI) besides logged a coagulated 3.2% gain.

Monday kicks disconnected the archetypal trading league of December, historically 1 of the market’s friendliest months. However, overmuch of that boost tin beryllium attributed to the "Santa Clause rally," a play of heightened trading implicit the Christmas break. This year, analysts are pulling backmost from the conception of a booming vacation play aft overmuch of the twelvemonth has been unpredictable — portion consistently bucking seasonal trends.

"None person behaved the mode they person seasonally," Amy Wu Silverman, caput of derivatives strategy astatine RBC Capital Markets, told Yahoo Finance.

The market's Thanksgiving week rally was driven successful ample portion by rising hopes of an involvement complaint chopped from the Federal Reserve successful December, arsenic implicit 85% of bets beryllium connected a quarter-point chopped adjacent week. Meanwhile, aft a twelvemonth of butting heads with existent Chair Jerome Powell, President Trump has announced that helium has picked who helium wants to pb the cardinal slope next.

"I cognize who I americium going to pick, yeah," Trump told media Sunday nighttime from Air Force One, without naming his choice.

Economic releases proceed to travel backmost to mean aft the chaos of the 43-day authorities shutdown. This week features a delayed merchandise of September's Personal Consumption Expenditures index, which contains the Fed's preferred ostentation gauge. Investors volition besides spot backstage reports connected manufacturing enactment and work assemblage activity, arsenic good arsenic ADP's monthly backstage payrolls report.

Though nearing the extremity of the slated releases, firm net continues this week with bargain retailers Dollar Tree (DLTR), Dollar General (DG), and Five Below (FIVE) each reporting, portion Salesforce (CRM) and CrowdStrike (CRWD) volition diagnostic from the tech industry.