Market Overview - US stock futures increased ahead of the Thanksgiving trading week, driven by hopes for an interest-rate cut and a rebound from recent pullbacks in AI-driven stocks [1] - Major indexes experienced notable losses in November, with the S&P 500 down 3.5% month-to-date and the Nasdaq Composite down over 6% [2] Economic Data - Traders are anticipating data releases on producer prices and retail sales from September, which are scheduled for Tuesday [3] Earnings Season - The earnings season is concluding with a week of muted releases, featuring companies like Alibaba Holdings, Dell Technologies, and retailers such as Kohl's and Best Buy [4] Trade and Tariffs - The Supreme Court is set to rule on the legality of President Trump's tariffs, with preparations underway for potential outcomes [5] Company Highlights - Alibaba's Qwen AI app debuted strongly, leading to a rise in its shares during premarket trading [5]
Stock market today: Dow, S&P 500, Nasdaq futures rise, sparking hopes of rebound from November losses