Traders work on the floor of the New York Stock Exchange (NYSE) on November 14, 2025 in New York.
Charlie Tribalew | AFP | Getty Images
Stock futures were little changed Sunday night after a volatile week in which valuation concerns, intra-market volatility and a recalibration of expectations for Federal Reserve interest rate cuts weighed on artificial intelligence trading.
Dow Jones Industrial Average Futures fell 58 points, or 0.1%. S&P500 and Nasdaq 100 futures It hovered near the flatline.
The Nasdaq Composite Index ended last week down 0.5%, led by declines in Alphabet, Amazon, Broadcom and Metaplatform. The Dow Jones Industrial Average and S&P 500 rose modestly last week, but fell sharply on Thursday.
“We expected the first few weeks of November to be a turbulent one, but it certainly looks like we’re in the midst of a turbulent one,” said Tom Lee, head of research at Fundstrat.
“While some of the barriers of concern have been resolved, such as the government shutdown and the New York City mayoral election, others remain,” he said. “Still, we expect the current sell-off to eventually give way to a recovery, eventually adding about 200 points to the S&P 500 above 7,000.”
Investors will get more clues about the state of the AI industry this week when Nvidia reports earnings on Wednesday. Retail giants Walmart and Home Depot are scheduled to report their quarterly results, and Wall Street will also get a sense of consumer health.
