Stock market today: Dow, S&P 500, Nasdaq futures stakk after stocks, bitcoin get hit to begin December

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Updated Tue, December 2, 2025 astatine 2:04 AM CST 1 min read

US banal futures trod h2o connected Tuesday greeting arsenic investors assessed a fragile commencement to December trading.

Contracts tied to the Dow Jones Industrial Average (YM=F), S&P 500 (ES=F) and tech-heavy Nasdaq 100 (NQ=F) each nudged down astir 0.1%.

CBOT - Delayed Quote USD

47,383.00

+31.00

+(0.07%)

As of 4:31:31 AM EST. Market Open.

YM=F ES=F NQ=F

The lackluster trading follows a down league connected Wall Street that snapped five-day winning streaks for each 3 large indexes. A resurgence of risk-off sentiment has been fueled by stubborn ostentation concerns, stretched valuations and caller questions implicit the payoff from dense AI spending.

Cryptocurrencies extended their retreat Monday, with bitcoin (BTC-USD) sliding 6% for its worst time since March. Shares of crypto-linked names Coinbase (COIN) and Robinhood (HOOD) each dropped much than 4%.

Despite tech’s unsmooth November, the S&P 500 (^GSPC) and Dow (^DJI) managed to station humble monthly gains. Traders are present watching for imaginable catalysts that could revive a year-end rally.

Expectations for a December complaint chopped person climbed sharply up of the Federal Reserve’s argumentation decision. Markets are pricing successful an 87% probability of a chopped connected Dec. 10, up importantly from mid-November, according to the CME FedWatch tool.

Investors are eyeing the Fed, primed for change, aft a twelvemonth of Trump's nationalist run against Jerome Powell. Trump said Sunday helium has made his prime for replacing the Fed Chair. While Trump hasn't named an individual, White House economical advisor Kevin Hassett is seen arsenic the astir apt candidate.

Third 4th net play continues to dilatory upwind down with Marvell (MRVL), Crowdstrike (CRWD) and Okta (OKTA) each releasing reports connected Tuesday.

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Asian shares marque crushed arsenic US stocks slide

Indexes crossed Asia saw coagulated gains passim Tuesday's trading league arsenic determination gauges made headway against Wall Street's decline, buoyed by rising planetary enslaved yields.

Reuters reports:

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