U.S. stock futures were in negative territory during Tuesday’s premarket hours as the dollar slipped to 106.3 level.
The U.S. 10-year and two-year Treasury notes yielded 4.21% and 4.18%, respectively. Expectations of a further 25 basis point rate cut in December rose to 72.5%, according to CME Group’s FedWatch tool.
| Futures | Performance (+/-) |
| Nasdaq 100 | -0.08% |
| S&P 500 | -0.02% |
| Dow Jones | -0.07% |
| Russel 2000 | -0.11% |
In premarket trading on Monday, the SPDR S&P 500 ETF Trust (NYSE:SPY) was down 0.01% to $603.60 and the Invesco QQQ Trust ETF (NASDAQ:QQQ) fell 0.09% to $514.84, according to Benzinga Pro data.
Cues From The Last Session
The U.S. stock market closed higher on Monday, with the S&P 500 and Nasdaq Composite reaching new highs.
Key Drivers:
Insights From Analysts:
Chief investment officer at UBS Global Wealth Management, Mark Haefele termed the decade so far as the “Roaring 20s,” marked by high economic growth, strong market returns, and improving productivity.
In his ‘UBS Year Ahead 2025 Report‘ he said "After strong years for equities in 2023 and 2024, we see further upside in 2025. We expect the S&P 500 to reach 6,600 by the end of 2025, around 10% higher than today’s levels."
"We expect central banks to cut interest rates further in the year ahead, reducing cash returns," Haefele added.
Highlighting his economic outlook he said, "In our base case, we expect sustained economic growth in the U.S., supported by healthy consumption, loose fiscal policy, and lower interest rates. Tariff threats are a headwind for Asia and Europe. If imposed, they could be partially offset by reactive stimulus measures in China."
Chief market strategist at Carson Group LLC, Ryan Detrick highlighted that “With a new high in December, we’ve seen new highs in 10 out of 12 months this year (April and August didn’t).”
Unrelated to past cycles, global central banks are easing monetary policy despite strong economic growth, high asset prices, and elevated inflation, said Bob Elliott, the chief investment officer at Unlimited Funds. Elliott presented the underlying data reiterating these conditions in a thread on X, indicating a positive sign for the markets.
Upcoming Economic Data
This week’s economic calendar is packed after a short last week due to Thanksgiving.
Stocks In Focus:
Commodities, Bonds And Global Equity Markets:
Crude oil futures rose in the early New York session, advancing 0.91% to hover around $68.72.
The Dollar Index was down 0.12% to 106.3 level. Bitcoin (CRYPTO: BTC) was down 0.16% over the past 24 hours and traded just over the $95K mark.
Major Asian markets closed higher on Tuesday. European markets were also upbeat.
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