{"id":121102,"date":"2025-11-21T17:28:00","date_gmt":"2025-11-21T13:28:00","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=121102"},"modified":"2025-11-21T15:27:04","modified_gmt":"2025-11-21T11:27:04","slug":"u-s-futures-mixed-as-rate-cut-hopes-fade-tech-under-pressure-despite-nvidia-beat","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/u-s-futures-mixed-as-rate-cut-hopes-fade-tech-under-pressure-despite-nvidia-beat\/11\/21\/market-updates\/","title":{"rendered":"U.S. Futures Mixed as Rate-Cut Hopes Fade; Tech Under Pressure Despite Nvidia Beat"},"content":{"rendered":"\n<p><\/p>\n\n\n\n<p>U.S. stock futures were mixed early Friday after a whipsaw session, with traders further dialing back expectations for a Federal Reserve rate cut in December. At 05:00 ET (10:00 GMT), <strong>Dow Jones futures<\/strong> rose <strong>0.3%<\/strong>, while <strong>S&amp;P 500 futures<\/strong> slipped <strong>0.1%<\/strong> and <strong>Nasdaq 100 futures<\/strong> fell <strong>0.5%<\/strong>.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Week-to-date: risk-off tone<\/h3>\n\n\n\n<p>All three major indexes are poised for weekly losses after Thursday\u2019s slide: the <strong>S&amp;P 500 -2.9%<\/strong>, <strong>Dow -~3%<\/strong>, and <strong>Nasdaq -3.6%<\/strong>. A stronger-than-expected, delayed <strong>September NFP<\/strong> report further undermined the odds of a near-term policy easing, overshadowing otherwise solid results and upbeat guidance from <strong>Nvidia (NVDA)<\/strong>.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">AI euphoria vs. valuation anxiety<\/h3>\n\n\n\n<p>Nvidia\u2019s outlook reaffirmed robust AI demand, but concerns persist about an <strong>AI-driven valuation bubble<\/strong>. Investor <strong>Michael Burry<\/strong> warned true end-demand may lag expectations. Still, <strong>Capital Economics<\/strong> argued that if an AI boom deflates, the correction could be <strong>smaller and shorter<\/strong> than the post-dotcom bust.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Rates: December cut odds retreat<\/h3>\n\n\n\n<p>After the NFP beat and <strong>October Fed minutes<\/strong> highlighting a divided FOMC, markets now price roughly a <strong>31%<\/strong> chance of a <strong>25 bps<\/strong> December cut (from <strong>45.8%<\/strong> last week). Friday\u2019s <strong>S&amp;P Global PMIs<\/strong> and <strong>final November consumer sentiment<\/strong> are next catalysts.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Retail in focus<\/h3>\n\n\n\n<p>Earnings attention turns to <strong>BJ\u2019s Wholesale (BJ)<\/strong> pre-open. <strong>Gap (GPS)<\/strong> gained premarket after beating Q3 comp expectations on strong <strong>Old Navy<\/strong> and <strong>Banana Republic<\/strong> demand. <strong>Ross Stores (ROST)<\/strong> also advanced after topping estimates, citing an \u201cexcellent\u201d back-to-school season with momentum through quarter-end.<\/p>\n\n\n\n<p><strong>Bottom line:<\/strong> The tape remains headline-driven. Strong AI prints aren\u2019t fully offsetting macro uncertainty and fading December cut hopes, leaving tech vulnerable and defensives bid into Friday\u2019s data.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>U.S. stock futures were mixed early Friday after a whipsaw session, with traders further dialing back expectations for a Federal Reserve rate cut in December. At 05:00 ET (10:00 GMT), Dow Jones futures rose 0.3%, while S&amp;P 500 futures slipped 0.1% and Nasdaq 100 futures fell 0.5%. Week-to-date: risk-off tone All three major indexes are &hellip;<\/p>\n","protected":false},"author":9,"featured_media":115890,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[6827,49,39,36],"tags":[],"class_list":["post-121102","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-daily-economic-reports","category-economic-reports","category-global-stock-markets","category-market-updates"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/121102","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=121102"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/121102\/revisions"}],"predecessor-version":[{"id":121103,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/121102\/revisions\/121103"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/115890"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=121102"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=121102"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=121102"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}