US stock futures rose Sunday night as investors look for a turnaround heading into the shortened Thanksgiving trading week, following a pullback that has cooled this year’s AI-driven market rally.
Dow Jones Industrial Average futures (YM=F) added roughly 200 points or 0.4%, while S&P 500 futures (ES=F) advanced 0.6%. Nasdaq-100 futures (NQ=F) climbed 0.9%. US markets will be closed Thursday for the Thanksgiving holiday and will shut early at 1 p.m. ET on Friday.
The move comes as equities attempt to extend Friday’s rebound, sparked after Federal Reserve Bank of New York president John Williams suggested that a December rate cut remains a possibility. Even so, major indexes have suffered notable losses in November as investors reassess lofty valuations across AI-aligned stocks.
The S&P 500 dropped 2% last week, widening its month-to-date decline to 3.5%. The Nasdaq Composite slid 2.7% and is now down 6.1% in November. The Dow fell 1.9% over the week and is off 2.8% for the month.
This week sees the Supreme Court issuing a ruling on whether Trump’s tariffs were issued legally, as the Commerce Department and the Office of the US Trade Representative prepare a roadmap for international trade if the ruling goes against the administration.
While still working through the impact of the longest government shutdown in US history, data releases are beginning to trickle back into circulation, though a return to the full economic calendar is still a ways off.
Traders can keep their eyes on data on producer prices in September from the Bureau of Labor Statistics and the Census Bureau’s retail sales data for the same month, with both reports due out Tuesday amid a rush of data ahead of the Thanksgiving weekend.
Earnings season 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.
Coming soon
Stock market coverage for Monday, November 24, 2025.
