FX.co ★ US Futures Steady as November Draws to a Close

US stock futures remained stable on Friday as investors geared up for the final trading session of November. All three major indices are poised to close the month in negative territory. Specifically, the Dow Jones and S&P 500 have seen slight declines of 0.29% and 0.4%, respectively, while the tech-centric Nasdaq Composite has dropped by 2.15%. The technology sector faced downward pressure throughout November due to concerns over inflated AI valuations and uncertainties surrounding the Federal Reserve's policy direction. Toward the month's end, buying activity increased as investors responded to weak US economic data and dovish comments from policymakers, which fueled expectations for further interest rate cuts by the Fed. Currently, there is an approximately 87% probability of a 25 basis point cut in December, with an additional three reductions anticipated next year. Please note, the stock market was closed on Thursday for the Thanksgiving holiday and will have an early closure at 1 p.m. on Friday.