The Economic Times·2025-11-28 10:34Market Overview - U.S. stock futures showed slight gains, with the Dow Futures at 47,542, up 52 points or 0.11%, and S&P 500 Futures at 6,835, up 0.10% [1] - November was a challenging month for equities, with major indexes experiencing a pullback, particularly in megacap tech stocks, leading to a 2% drop in the Nasdaq [1] Federal Reserve Expectations - Market sentiment improved as traders increased expectations for a Federal Reserve rate cut in December, with futures pricing indicating over an 80% probability of a quarter-point cut [2] AI and Tech Stocks - Renewed optimism in AI stocks contributed positively to market sentiment, although trading momentum was paused due to the Thanksgiving break [3] - Tech stocks exhibited mixed performance, with notable movements in companies like NVIDIA, Cleanspark, and SanDisk, reflecting ongoing interest in the semiconductor and storage sectors [8] Trading Disruptions - A cooling system failure at CME Group's CyrusOne data centers caused a significant disruption, halting futures and options trading for several hours, impacting liquidity across multiple markets [3][5] Commodity Markets - Gold futures increased, hovering near $4,160 an ounce, benefiting from lower borrowing-cost expectations and a favorable outlook for a December rate cut [9] - Oil prices continued to decline, with Brent crude trading above $63 per barrel, marking the longest losing streak since May 2023, as traders remain cautious ahead of the OPEC+ meeting [10] Future Market Projections - Wall Street banks have begun releasing forecasts for the S&P 500 in 2026, with Deutsche Bank projecting a target of 8,000, while HSBC and JPMorgan expect a more moderate target of around 7,500 [12]