The Economic Times·2025-11-24 10:46Market Overview - Stock futures showed modest early gains as markets entered the Thanksgiving week with cautious optimism, with Nasdaq 100 futures up 0.99%, S&P 500 futures gaining 0.68%, and Dow futures adding 0.36% [1][17] - The S&P 500 rose 0.98% over the previous week, while the Nasdaq 100 and Dow advanced 0.77% and 1.08% respectively, although all three benchmarks are on track to close November in the red due to heavy selling in AI stocks [1][17] Economic Indicators - Investors are tracking key U.S. economic data, including October retail sales and the Producer Price Index, which are important signals for the Federal Reserve's next policy steps [3][17] - Treasury markets reflected improving sentiment, with the 10-year yield hovering near 4.05% [3][17] Sector Performance - Persistent fears of an AI bubble, concerns over profit sustainability, and reduced risk appetite have contributed to a pullback in the AI sector [2][17] - Rate-cut hopes emerged after New York Fed President John Williams suggested there is room for additional adjustments to monetary policy, prompting increased bets on a possible December rate cut [2][17] Commodities Market - In commodities, WTI crude traded near $57.75 and trended lower, while Brent crude also weakened [4][12][17] - Gold prices approached $4,062 per ounce despite slight early softness, and silver held below $50 [4][12][17] Pre-Market Activity - Pre-market trading showed strong activity in small-cap and tech-linked names, with notable movers including JX Luxventure up 36.23% to $4.70 and Epsium Enterprise gaining 26.18% to $4.53 [10][16][17] - Crypto-linked stocks gained even as Bitcoin slipped 1.19% to $85,753, while the Nasdaq Crypto Index rose 2.17% [7][14][17] Global Market Trends - Asian markets were mostly higher, with the Hang Seng up 1.97%, the Shanghai Composite up 0.05%, and the Shenzhen Component up 0.47%, while Japan's markets were closed for a holiday [7][17]