US Futures Edge Down After Strong GDP
2025-12-23 13:57
By
Joana Taborda
1 min. read
US futures edged slightly lower on Tuesday, with contracts tied to the three major indices down about 0.1%, following a stronger-than-expected US GDP growth reading.
The delayed report showed the economy expanded at an annualized pace of 4.3% in Q3, the fastest in two years, well above forecasts of 3.3%, supported by resilient consumer and business spending.
Meanwhile, the weekly ADP report indicated that the private sector added jobs for a third consecutive week in early December.
Together, the data reinforced bets the Fed will keep rates steady in January and raised concerns that the strength of the economy could deter the central bank from resuming interest rate cuts next year.
Megacap stocks were mostly lower in premarket trading, including Nividia (-0.8%), Amazon (-0.2%), Meta (-0.2%), Alphabet (-0.3%), Broadcom (-0.7%) and Tesla (-0.3%).
Shares of Eli Lilly declined 1.6% after the US Food and Drug Administration approved Novo Nordisk’s weight-loss pill.