| Ticker | Status | Jurisdiction | Filing Date | CP Start | CP End | CP Loss | Deadline |
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| Ticker | Case Name | Status | CP Start | CP End | Deadline | Settlement Amt |
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| Ticker | Name | Date | Analyst Firm | Up/Down | Target ($) | Rating Change | Rating Current |
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(Editor’s note: The future prices of benchmark tracking ETFs, the headline, and the lede were updated in the story.)
U.S. stock futures swung between gains and losses on Thursday following Wednesday's mixed moves. Futures of major benchmark indices were mixed.
The meeting between President Donald Trump and President Xi Jinping yielded significant agreements, including reduced U.S. fentanyl tariffs in exchange for China restarting “tremendous amounts” of U.S. soybean imports, a settled deal on rare earths, and strong indications that a broader trade deal is “pretty soon.”
Despite the positive meeting, Fed Chair Jerome Powell’s speech from Wednesday weighed on stocks as he cautioned that another cut is “not a foregone conclusion—far from it,” pushing back against expectations that had built up across financial markets in recent weeks.
Meanwhile, the 10-year Treasury bond yielded 4.07% and the two-year bond was at 3.59%. The CME Group's FedWatch tool‘s projections show markets pricing a 70.4% likelihood of the Federal Reserve cutting the current interest rates during its December meeting. –
| Futures | Change (+/-) |
| Dow Jones | -0.19% |
| S&P 500 | 0.03% |
| Nasdaq 100 | 0.06% |
| Russell 2000 | 0.36% |
The SPDR S&P 500 ETF Trust (NYSE:SPY) and Invesco QQQ Trust ETF (NASDAQ:QQQ), which track the S&P 500 index and Nasdaq 100 index, respectively, were mixed in premarket on Thursday. The SPY was down 0.071% at $686.90, while the QQQ declined 0.031% to $635.57, according to Benzinga Pro data.
The S&P 500 sectors largely declined on Wednesday, as real estate, consumer staples, and materials stocks recorded the biggest losses.
| Index | Performance (+/-) | Value |
| Nasdaq Composite | 0.55% | 23,958.47 |
| S&P 500 | -0.0044% | 6,890.59 |
| Dow Jones | -0.16% | 47,632.00 |
| Russell 2000 | -0.87% | 2,484.81 |
Market strategist Ed Yardeni is striking a cautious tone on the economy and stocks, warning the Federal Reserve against fueling market speculation.
Following the Fed’s recent rate cut, Yardeni argues against the move, stating that easier policy “is increasing financial instability” and urging the central bank not to “feed the animal spirits in the stock market.”
He views the economy as mixed, pointing to a weak labor market where “many companies have been announcing headcount reductions.” Yardeni notes the bond market agrees, saying it “isn’t buying the Fed’s cover story” as yields rose post-cut.
Separately, LPL’s Chief Equity Strategist Jeff Buchbinder addresses market psychology, noting investors often fear a “psychological October Effect” based on historic crashes.
However, he highlights that this year, the S&P 500 is “bucking the psychological October Effect” with strong gains.
Despite this positive momentum, Buchbinder's team “remains neutral equities,” favoring large-cap growth while balancing domestic AI potential against foreign upside from a weaker dollar.
See Also: How to Trade Futures
Here's what investors will be keeping an eye on Thursday;
Crude oil futures were trading lower in the early New York session by 0.63% to hover around $60.10 per barrel.
Gold Spot US Dollar rose 1.12% to hover around $3,974.64 per ounce. Its last record high stood at $4,381.6 per ounce. The U.S. Dollar Index spot was 0.06% lower at the 99.1620 level.
Meanwhile, Bitcoin (CRYPTO: BTC) was trading 2.01% lower at $110,746.25 per coin.
Asian markets closed lower on Thursday, except South Korea's Kospi and Japan's Nikkei 225 indices. Australia's ASX 200, Hong Kong's Hang Seng, India’s NIFTY 50, and China’s CSI 300 indices fell. European markets were mostly lower in early trade.
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