{"id":121334,"date":"2025-12-02T15:25:29","date_gmt":"2025-12-02T11:25:29","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=121334"},"modified":"2025-12-02T15:25:33","modified_gmt":"2025-12-02T11:25:33","slug":"u-s-stock-futures-edge-higher-as-fed-cut-bets-strengthen-and-powell-successor-speculation-grows","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/u-s-stock-futures-edge-higher-as-fed-cut-bets-strengthen-and-powell-successor-speculation-grows\/12\/02\/market-updates\/","title":{"rendered":"U.S. Stock Futures Edge Higher as Fed Cut Bets Strengthen and Powell Successor Speculation Grows"},"content":{"rendered":"\n<p><\/p>\n\n\n\n<p>U.S. stock futures ticked higher on Tuesday, as investors weighed soft manufacturing data, rising expectations of a Federal Reserve rate cut next week, and uncertainty over who will replace Jerome Powell as Fed Chair.<\/p>\n\n\n\n<p>By 05:55 ET (10:55 GMT):<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Dow Jones futures<\/strong> were up 80 points (<strong>+0.2%<\/strong>)<\/li>\n\n\n\n<li><strong>S&amp;P 500 futures<\/strong> gained 20 points (<strong>+0.3%<\/strong>)<\/li>\n\n\n\n<li><strong>Nasdaq 100 futures<\/strong> rose 112 points (<strong>+0.4%<\/strong>)<\/li>\n<\/ul>\n\n\n\n<p>The move followed declines on Monday that snapped a five-session winning streak for the main indices. Sentiment was pressured after the <strong>ISM manufacturing index<\/strong> showed the sector contracted for a <strong>ninth straight month in November<\/strong>, underscoring ongoing headwinds from broad-based tariffs.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Fed Rate Cut Bets Firm After Weak Data<\/h3>\n\n\n\n<p>The latest ISM figures reinforced expectations that the Fed will shift to easier policy at its <strong>December 9\u201310<\/strong> meeting. Interest-rate futures now imply an <strong>86% probability<\/strong> of a <strong>25-basis-point cut<\/strong>, reflecting:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Continued softening in economic data<\/li>\n\n\n\n<li>Signs of <strong>easing inflation pressures<\/strong><\/li>\n\n\n\n<li>Recent comments from senior Fed officials hinting that rate reductions could begin sooner than previously expected<\/li>\n<\/ul>\n\n\n\n<p>Leadership uncertainty at the central bank is adding to the mix. The White House is considering several candidates to succeed <strong>Jerome Powell<\/strong>, whose term expires next year.<\/p>\n\n\n\n<p><strong>BofA Global Research<\/strong> on Monday revised its outlook, now forecasting a <strong>25 bps cut in December<\/strong> after previously expecting no change. It also projects <strong>two additional quarter-point cuts in June and July 2026<\/strong>, which would bring the federal funds rate down to <strong>3.00%\u20133.25%<\/strong>.<\/p>\n\n\n\n<p>White House economic adviser <strong>Kevin Hassett<\/strong> has reportedly emerged as the frontrunner for the Fed chair role, raising expectations of a more dovish tilt given his perceived support for looser policy.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Marvell in Focus on Quiet Earnings Day<\/h3>\n\n\n\n<p>On a relatively light earnings calendar, <strong>Marvell Technology (NASDAQ: MRVL)<\/strong> is set to take center stage after the close.<\/p>\n\n\n\n<p>The chipmaker, a key competitor to <strong>Broadcom (NASDAQ: AVGO)<\/strong> in custom and networking semiconductors, is reportedly in advanced talks to acquire AI hardware startup <strong>Celestial AI<\/strong> in a multi-billion-dollar cash-and-stock deal.<\/p>\n\n\n\n<p>Other names likely to be in focus after reporting results late Monday include:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>MongoDB (NASDAQ: MDB)<\/strong><\/li>\n\n\n\n<li><strong>Vestis (NYSE: VSTS)<\/strong><\/li>\n\n\n\n<li><strong>Credo Technology (NASDAQ: CRDO)<\/strong><\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">Bitcoin-Linked Stocks Under Pressure<\/h3>\n\n\n\n<p>Crypto-exposed equities will also remain under scrutiny after <strong>Bitcoin<\/strong> tumbled more than <strong>7% on Monday<\/strong>, slipping below <strong>$84,000<\/strong> and triggering broad declines across digital-asset plays.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>MicroStrategy (NASDAQ: MSTR)<\/strong>, the largest corporate holder of Bitcoin, fell as much as <strong>12%<\/strong>, as the slide raised fresh questions about the value of its holdings<\/li>\n\n\n\n<li><strong>Coinbase<\/strong> dropped around <strong>5%<\/strong><\/li>\n\n\n\n<li><strong>Robinhood<\/strong> fell more than <strong>4%<\/strong><\/li>\n\n\n\n<li>Bitcoin miners such as <strong>Marathon Digital (NASDAQ: MARA)<\/strong> and <strong>Riot Platforms<\/strong> retreated between <strong>7% and 9%<\/strong>, with lower crypto prices squeezing mining margins<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>U.S. stock futures ticked higher on Tuesday, as investors weighed soft manufacturing data, rising expectations of a Federal Reserve rate cut next week, and uncertainty over who will replace Jerome Powell as Fed Chair. By 05:55 ET (10:55 GMT): Dow Jones futures were up 80 points (+0.2%) S&amp;P 500 futures gained 20 points (+0.3%) Nasdaq &hellip;<\/p>\n","protected":false},"author":9,"featured_media":31017,"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":[6827,49,37,39,36],"tags":[7722,11257,6887,6862],"class_list":["post-121334","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-daily-economic-reports","category-economic-reports","category-forex-markets","category-global-stock-markets","category-market-updates","tag-job-growth","tag-nfp-report","tag-unemployment","tag-wall-street"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/121334","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=121334"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/121334\/revisions"}],"predecessor-version":[{"id":121335,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/121334\/revisions\/121335"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/31017"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=121334"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=121334"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=121334"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}