Stock Market Today: Nasdaq, S&P 500 Futures Gain Amid December Rate Cut Possibility — Pony AI, Alphabet, Zoom In Focus - video Dailymotion

Benzinga

U.S. stock futures rose on Monday after Friday’s advances. Futures of major benchmark indices were higher.  Optimism among investors is rising following New York Fed President John Williams‘ indication that a rate cut in December is still on the table.  He said in a speech on Friday that “I still see room for a further adjustment in the near term to the target range for the federal funds rate to move the stance of policy closer to the range of neutral.”  Meanwhile, investors await earnings from Dell Technologies Inc. (NYSE:DELL), HP Inc. (NYSE:HPQ), Deere & Co. (NYSE:DE), Li Auto Inc. (NASDAQ:LI), and others in this Thanksgiving holiday-shortened week.

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00:00All right. Futures green ahead of Monday's open here on Thanksgiving week. S&P futures up 0.65%.

00:13Dow futures up 0.36% and the NASDAQ leading the way higher here at 0.95%. Let's take a look at

00:22some cues from last session here. Communication services, healthcare, materials, consumer

00:28discretionary, consumer discretionary, excuse me, and real estate stock sectors led the gains on

00:34Friday as all sectors ended in the green. So we talked about a potential bottoming move and then

00:40a move higher on Friday. Well, indeed, that's exactly what we got. Can we hold on to that?

00:45That's obviously going to be the next $64,000 question. And as mentioned, futures green here

00:52in the pre-market ahead of the open optimism among investors is rising following New York Fed

00:57President John Williams indication that a rate cut in December is still on the table. We talked a

01:03little bit about that. The CME watch tool is changing pretty rapidly. We're going to keep

01:07our eye on that as we get closer to that December meeting date. He said in a speech on Friday that I

01:13quote, I still see room for further adjustment in the near term to the target range for the federal

01:20funds rate to move the stance of policy closer to the range of neutral, end quote. So basically

01:27telling you that it's a possibility here, but no decision has been made yet. Meanwhile, investors

01:32await earnings from Dell, HP, Deere, and Lee Auto this week and others in this Thanksgiving

01:40shortened week. The 10-year Treasury bond yielded 4.05%, hovering right around that 4%, unable to really

01:46trade beneath it yet. The two-year bond was at 3.51%. Now we do have some stocks in focus for you here

01:54today. The first one is going to be ticker Pony, P-O-N-Y. That rose 2.59% in the pre-market on

02:01Monday as it announced a partnership with ride-hailing platform Sunshine Mobility to build large-scale

02:07autonomous driving fleets. We have a new player here or another advancement in one of the players in the

02:14autonomous driving cycle. We ride is our next ticker here. That's ticker W-R-D. That jumped 7.92% as its

02:26revenue grew 144.3% year over year to $24 million. Gross profit also rose 1,123.9% year over year to

02:387.9 million in the third quarter. The next stock here is Alphabet. I know a lot of you folks are

02:45talking about Google already. Alphabet here, ticker G-O-O-G and G-O-O-G-L. That gained 2.38% after it

02:55surpassed Microsoft in market value on Friday following the launch of Gemini 3 and Nano Banana.

03:02I didn't know what Nano Banana was. Apparently, it is an AI tool that does a magnificent job

03:09creating images. And some of these images can be created for work purposes like flow charts

03:15and diagrams as well as the obvious comedy that can be layered on top of that. So I didn't have

03:22Nano Banana in my newsread here today, but here we are. This job continues to surprise. The next stock

03:29on the list here is going to be Zoom Communications. That's ticker ZM. That was 0.52% higher ahead of

03:35its expected earnings to be released after the closing bell here today. Wall Street is expecting

03:40121 per share on revenue of $1.21 billion. Remember, Zoom, one of the COVID darlings. We'll see if that

03:47can actually trade up on the back of its earnings. The last stock on our list of stocks in focus here

03:52today is going to be Keysight Technologies. This is ticker KEYS. That was up 0.45% as analysts expected

04:01to report earnings of $177 per share on revenue of $1.39 billion after the closing bell.

Stock Market Today: Nasdaq, S&P 500 Futures Gain Amid December Rate Cut Possibility — Pony AI, Alphabet, Zoom In Focus

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