US Futures Steady After Tech-Led Rally
2025-11-25 00:03
By
Jam Kaimo Samonte
1 min. read
US stock futures held steady on Tuesday after the major jumped in the previous session on the back of tech gains, driven largely by renewed hopes of a Federal Reserve interest rate cut.
In regular trading on Monday, the Dow rose 0.44%, the S&P 500 gained 1.55% and the Nasdaq Composite climbed 2.69%.
Megacap tech names outperformed, with Broadcom surging 11.1% on revived AI infrastructure momentum and Alphabet jumping 6.3% as Gemini 3-related developments pushed its market value above Microsoft.
Tesla also advanced 6.8% after Elon Musk flagged progress on next generation AI chips.
Meanwhile, dovish remarks from Fed officials bolstered expectations for a December rate cut, with markets pricing in an 81% chance of a 25 basis point move, up sharply from 42.4% a week earlier.
Fed Governor Christopher Waller signaled support for a cut next month, echoing comments from San Francisco Fed President Mary Daly and New York Fed President John Williams.