Stock Market Today: Futures Dip After AI-Fueled Rally, Key Economic Data and Earnings in Focus

Market Overview - U.S. stock markets are experiencing cautious premarket activity on November 25, 2025, following a strong tech-driven rally on the previous day [1] - Investors are digesting delayed economic data and anticipating key corporate earnings reports, with futures showing slight declines [2] Premarket Trading and Futures Movements - As of early Tuesday, U.S. stock futures are broadly lower, with Dow Jones futures down approximately 0.07% to 0.2%, S&P 500 futures slipping by 0.1% to 0.2%, and Nasdaq 100 futures falling between 0.1% and 0.4% [2] - The pullback follows a strong performance on Monday, primarily driven by a rebound in AI stocks, but traders are cautious due to high valuations and the upcoming Thanksgiving holiday [2] Major Market Indexes Performance - On November 24, 2025, the Nasdaq Composite surged by 2.7% to close at 22,872.01, marking its best daily performance since May [3] - The S&P 500 rose 1.6% to finish at 6,705.12, while the Dow Jones climbed 0.4% or 202.86 points to close at 46,448.27 [3] - Despite the strong showing, all three major indexes are on track to close November in negative territory due to earlier sell-offs in AI stocks [3] Upcoming Market Events - Key economic data releases on November 25 include October's U.S. retail sales figures, September's Producer Price Index (PPI), and the November Consumer Confidence report [4] - These reports are significant as they will be among the last inflation readings considered by the Federal Reserve before its next policy meeting in December [4] Earnings Season Continues - Notable companies reporting quarterly results include Alibaba Group, Nio Inc., Analog Devices, NetApp Inc., HP Inc., and Dell Technologies, along with retailers Best Buy and Kohl's [5] Federal Reserve Outlook - Market participants are focused on the Federal Reserve's monetary policy, with expectations of a 25-basis-point rate cut in December, supported by recent statements from Fed officials [6][7] Major Stock News and Developments - The AI sector remains a dominant theme, with Alphabet Inc. seeing a 6.3% stock jump following the announcement of its upgraded AI platform, Gemini 3 [8] - Nvidia is experiencing selling pressure, with shares down between 3% and 4.5%, amid increased competition from Meta Platforms' discussions to invest in Google's AI chips [9] - Other AI-related companies like Broadcom, Micron Technology, and Advanced Micro Devices saw significant gains, with Broadcom surging 11.1% [9] Corporate Earnings Highlights - Kohl's reported a 2.8% decrease in net sales but raised its full-year outlook and appointed a new CEO [10] - Best Buy reported a 2.7% increase in comparable sales and raised its FY26 adjusted diluted EPS guidance [10] - Nio Inc. announced a 16.7% increase in total revenues from the third quarter of 2024 and projected vehicle deliveries between 120,000 and 125,000 for Q4 2025 [11]