Dow Jones, Nasdaq, S&P futures dip slightly Sunday night after volatile November rally as investors bet for Fed rate cut

US stock futures traded little changed to lower on Sunday evening, November 30, 2025, signaling a cautious start to December following a strong Thanksgiving week rebound.

Dow Jones Industrial Average futures fell 18 to 66 points (0.1%), S&P 500 futures dipped 0.2% to 0.5%, and Nasdaq-100 futures declined 0.2% to 0.7%, reflecting trader positioning after markets closed flat-to-up on Friday's early session.

Futures held steady initially before edging lower, buoyed by over 85% odds of a Federal Reserve 25-basis-point rate cut in December per CME FedWatch Tool, which fueled the prior week's 3.7% S&P 500 surge, the best Thanksgiving performance since 2008.


November ended volatile: S&P 500 and Dow flat (up 0.1-0.3%), Nasdaq down 1.5% ending a seven-month streak amid AI valuation worries that saw the tech index drop nearly 8% from October peaks at one point.

Light post-holiday volumes amplified swings, with President Trump's confirmation of selecting a Federal Reserve chair successor adding policy uncertainty despite dovish Fed signals.

Broader sentiment eyes ending 2025 strong, as December historically delivers S&P 500 gains over 1% in most cases after robust holiday weeks.

Monday's session resumes normal hours after Friday's 1 pm ET close, with futures indicating mild pressure from profit-taking in tech amid stretched valuations. Improved market breadth and rate cut bets support optimism, though a CME technical outage earlier disrupted some trading.

FAQs

Why are futures lower despite recent gains?
Profit-taking after a 3.7% S&P weekly rally and Fed policy speculation temper enthusiasm entering December.

What drove November's volatility?
AI stock bubble fears erased early gains, but December rate cut hopes (85%+ probability) sparked recovery.

How do Sunday futures predict Monday?
They signal sentiment but often diverge at open due to news; December averages strong historically.