Pre-Market Overview - November 24, 2025

US equity futures are mixed Monday morning, with Nasdaq 100 futures up 0.47% driven by tech gains (Alphabet +3.5% after-hours on Gemini3 AI release) while Dow futures are flat (-0.00%) [1][2]. Key catalysts today include earnings from Zoom (ZM), Symbotic (SYM), and Agilent (A), plus economic data releases (Chicago Fed National Activity Index, Industrial Production) [4][5]. The dominant narrative is rate cut hopes supporting sentiment, though geopolitical tensions (Ukraine-Russia peace talks) linger [3][7].

• Dow Jones Futures: 46,319.00 (-0.00%)
• NASDAQ 100 Futures: 24,420.00 (+0.47%)
• S&P 500 Futures: 6,637.00 (+0.25%)
  As of 6:47 AM ET [1]

• Alphabet (GOOGL): +3.53% (Gemini3 AI model release)
• Apple (AAPL): +1.97%
• Nvidia (NVDA): -0.97%
• Tesla (TSLA): -1.05%
  [2]

Last week, investors favored defensive sectors (healthcare, value) while selling tech stocks (except Alphabet) amid volatility [3].

1. Rate Cut Hopes
   : NY Fed President John Williams’ comments that policy is moving toward neutral boosted December rate cut odds to ~70%, supporting futures [3].
2. Tech Innovation
   : Google’s Gemini3 AI model release drove after-hours gains for Alphabet (+3.53%) [2].
3. Earnings
   : Today’s key reports:
   • Zoom (ZM): Q3 2026 EPS estimate $1.21
   • Symbotic (SYM): Q4 2025 EPS estimate $0.03
   • Agilent (A): Q4 2025 EPS estimate $1.59
     [4]
4. Economic Data
   : Scheduled releases:
   • Chicago Fed National Activity Index (7:30 AM ET)
   • Industrial Production (8:15 AM ET)
     [5]
5. Geopolitics
   : Ukraine-Russia peace talks (secret plan between US and Russia) may impact risk sentiment [7].

• Gainers
  : LINT (+15.13%, Direxion Daily INTC Bull 2X ETF), SHPH (+14.75%, Shuttle Pharmaceuticals) [6]
• Losers
  : TXXD (-13.72%, 21Shares 2x Long Dogecoin ETF), SFHG (-13.13%, Samfine Creation Holdings) [6]

• Alphabet (GOOGL): +3.53%
• Apple (AAPL): +1.97%
• Nvidia (NVDA): -0.97%
  [2]

• Today
  : Monitor earnings from Zoom, Symbotic, and Agilent; economic data releases (Industrial Production) [4][5].
• Week
  : Thanksgiving holiday (market closed Thursday), early close Friday (1pm ET) → thin trading volumes expected [8].
• Technical Levels
  : Nasdaq has support at 20,000 and resistance at 24,000 [9].
• Risks
  : Geopolitical tensions (Ukraine), rate cut uncertainty, thin volumes leading to volatility [3][8].