Dow, S&P 500, Nasdaq futures slide as Wall Street enters final trading month of 2025

December 1, 2025

Dow, S&P 500, Nasdaq futures slide as Wall Street enters final trading month of 2025

Breaking News

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US stock futures retreated on Monday morning, as bitcoin's slump deepened and Wall Street's strong late-November rebound looked set to hit a speed bump in the first trading day of December.

Dow Jones Industrial Average futures fell roughly 0.4%, after the blue-chip benchmark led Wall Street indexes to a fifth day of gains on Friday. Contracts on the S&P 500 dropped 0.5%, while those on the tech-heavy Nasdaq 100 slid 0.7%.

The thinning docket of corporate earnings continues this week with bargain retailers Dollar Tree, Dollar General, and Five Below reporting. Salesforce and CrowdStrike will feature from the tech industry. Yahoo Finance reports.

EdgeUp

🤖 Credo Technology stock (CRDO) surges ahead of earnings: Is the momentum sustainable?

Credo Technology Group Holding Ltd (NASDAQ: CRDO) is riding high as it approaches its earnings release today, due after market close.

The stock closed out Friday at $177.60, for an impressive 36.1% jump on the last week, fueled by a series of strategic moves and promising product announcements.

But can this upward trajectory continue, or is a correction on the horizon? Analysts currently project an EPS of about $0.50, a substantial improvement from last year’s $0.07 per share.

That suggests the company is expected to deliver a major increase in profitability compared to a year ago.

For revenue, the average estimate sits at roughly US$234.99 million, which if achieved would imply a very strong sales growth of 226% year-over-year. AskTraders reports.


📊 Carvana stock analyst outlook: CVNA stacking up bulls as UBS initiates at buy

Carvana's stock is experiencing a surge in positive sentiment, underpinned by a new ‘Buy' rating from UBS and reaffirmations from other key financial firms.

CVNA has added 12.69% over the past month, bringing year-to-date gains to an impressive 87.66%.

Carvana's impressive third-quarter results for 2025 further bolster this positive sentiment.

The company reported a 44% year-over-year increase in retail units sold, reaching 155,941, and a 55% surge in revenue, totaling $5.647 billion. AskTraders reports.


🤖 The hottest new AI company is…Google?

Google just threw another twist in the fast-changing AI race. And its biggest competitors are taking notice.

“We’re delighted by Google’s success - they’ve made great advances in AI and we continue to supply to Google,” Nvidia wrote in a November 25 post on X, before adding that “NVIDIA offers greater performance, versatility, and fungibility than ASICs,” (the application-specific integrated circuits) like those made by Google.

“Congrats to Google on Gemini 3! Looks like a great model,” OpenAI CEO Sam Altman also wrote on X.

The posts came just days after mounting buzz about Google’s Gemini 3 model - and the Google-made chips that help to power it. Salesforce CEO Marc Benioff wrote on X that he’s not going back to ChatGPT after trying Google’s new model.

“The leap is insane - reasoning, speed, images, video... everything is sharper and faster. It feels like the world just changed, again,” he wrote. CNN reports.


🚁 Joby aviation stock (JOBY) starts week red following bearish Goldman Sachs initiation

Joby Aviation's stock price is moving lower early this morning, down 3.12% at $13.98 in the pre-market session.

The company, a prominent player in the electric vertical takeoff and landing aircraft sector, is dealing with a bumpy start to the week following a ‘Sell' rating from Goldman Sachs, casting a shadow over the company's prospects.

Today's dip may do little to deter bulls, with JOBY having delivered a significant 78.37% year-to-date gain.

The Goldman Sachs initiation included a $10 price target, implying a potential 29% downside from current levels, injecting considerable caution into the market's perception of Joby's valuation. AskTraders reports.


🔎 Famed short seller Jim Chanos sees risks in growing debt market backed by Nvidia’s AI chips: 'There's going to be debt defaults

Nvidia’s (NVDA) AI chips have fueled a new debt market, and famed short seller Jim Chanos is flagging its risks.

Emerging AI cloud computing companies looking to rival Big Tech in the market for artificial intelligence have secured large loans backed by the $5 trillion chipmaker’s graphics processing units (GPUs), using that capital to buy more AI chips to scale up their operations.

The firms lease space in data centers, fill them with AI hardware, and rent out computing power from that hardware for tech companies to train and run artificial intelligence models.

Four firms in the growing sector - three of which count Nvidia as an investor - have more than $20 billion in debt using Nvidia’s AI chips, or GPUs (graphics processing units) as collateral, the Information reported in July. Yahoo Finance reports.

Top 5 Movers in Early Pre-Market

(All pricing and percent gains are based on Early Pre-Market from 4:00 AM to 7:00 AM Eastern Time)
Benzinga reports.


1) BLTE: Belite Bio
Total gain: +20.05%

2) CSIQ: Canadian Solar
Total gain: +12.19%

3) IVF: INVO Fertility
Total gain: +11.35%

4) SGBX: Safe & Green Holdings
Total gain: +11.04%

5) AHMA: Ambitions Enterprise Mgmt
Total gain: +9.77%

Friday’s Biggest Movers

The closing price of the top three market percent gainers trading near or above $3 on November 28.
Stock Analysis reports.

*All pricing and percent gains are based on regular market trading hours from 9:30am to 4:00pm Eastern Time

1) VRCA: Verrica Pharmaceuticals Inc.
Total gain: +35.62%
The stock appeared to be moving on no notable news.

2) CMCT: Creative Media & Community Trust Corporation
Total gain: +26.36%
The stock appeared to be moving on no notable news.

3) NXTT: Next Technology Holding Inc.
Total gain: +24.89%
The stock appeared to be moving on no notable news.

Today’s Notable Earnings

*Estimate and Actual numbers represent Earnings Per Share in US Dollars


HAFN: Hafnia
Q3 2025
Before Market Open
Estimate: 0.160
Actual: 0.180

MDB: MongoDB
Q3 2026
After Market Close
Estimate: 0.260
Actual: N/A

TRX: TRX Gold
Q4 2025
Before Market Open
Estimate: 0.010
Actual: N/A

Today’s Economic Dates

Time (ET)/ Report/ Period

9:45 AM - S&P final U.S. manufacturing PMI - Nov.
10:00 AM - ISM manufacturing - Nov.
8:00 PM - Fed Chair Jerome Powell speaks - N/A

Parting Thoughts

“The whole secret to winning big in the stock market is not to be right all the time, but to lose the least amount possible when you’re wrong.”

– William O’Neil

Sourced in 20 Best William O’Neil Quotes Every Trader Should Know.

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