Stock Market Today: Global Futures Move Higher as Markets Seek Recovery Ahead of Holiday Week Amid AI and Rate‑Cut Repricing

Where Are Markets Today?
U.S. stock futures and European futures saw an initial boost early in the Monday trading session, establishing a positive sentiment for the upcoming trading week. U.S. Dow Jones futures (US30) increased about 0.3% in value, while S&P 500 futures (US500) and Nasdaq-100 futures (NAS100) recorded an increase of approximately 0.6% and 0.8%, respectively. Similar trends were observed in European futures markets such as GER40 and EU50. 

Traders using can access all these major indices with ultra-low spreads and instant execution. The market might be showing signs of stabilizing due to the recent tech downturn and AI valuation adjustments. As noted by market players  this stock market trend can be identified as the first sign of a rebound in the market triggered by two factors: changes in policy expectations and the digestion of recent stress in the market.

 To begin with, the markets are reacting to the dramatic fall of AI leadership stocks, which had led the market trends at the start of the year but faced pressure as the valuations stretched and the macro uncertainties intensified. The sudden halt has caused the global equity markets to be looking for a new footing, and the futures surge indicates that there are willing participants who are returning to the market before the holiday shortened trading week. Second, the speculations about the possible December Fed interest-rate cut have made the mood bullish. The possibility of easing the discount rate has reduced the risks in the stock market, especially the growth stocks.

Nevertheless, the current market performance remains susceptible to surprise moves triggered by unexpected data or geopolitical news at this point when markets are about to enter thin volumes due to the Thanksgiving holiday. The coming series of important data releases would be closely observed to read the policy signals implied by them. In this regard, traders have been monitoring that though the futures markets' performance has been encouraging, the markets as a whole appear to be short of conviction because of the absence of mid-cap stocks' support. 

To conclude, the European futures markets are also affected by the comments from the European Central Bank and the business climate data from the German economy. In the wake of diverging interest rates in the U.S. and the European markets, the loosening of global policy will contribute to the risk-on sentiment. Meanwhile, the current global futures rally can be described as tactical rather than the beginning of a global breakout but sets the groundwork for the next possible move upward when the next global data and policy commentaries line up.

Major Index Performance as of Monday, 24 Nov 2025

• Nasdaq Composite: Trading at ~22,273.08, up ~0.88%

• S&P 500: Trading at ~6,602.99, up ~0.98%

• Dow Jones Industrial Average: Trading at ~46,245.41, up ~1.08%

• Russell 2000: Trading at ~2,370, up ~2.80%

The Magnificent Seven and the S&P 500
The "Magnificent Seven" of Apple, Microsoft, NVIDIA, Amazon, Meta Platforms, Alphabet, and Tesla continue to be leaders who also face increasing pressure. The actions of the group today are acutely felt in S&P 500’s performance, and the current slump of the group will impact the larger indices. The S&P 500 would face challenges in registering growth in the mid-cap and smaller-cap segments without leadership changeover.