Dow, S&P 500, Nasdaq futures mixed after record-setting day on Wall Street
December 12, 2025
Breaking News
Image source: Adobe Stock
US stock futures traded mixed on Friday after Wall Street’s rotation from tech into value and cyclical names propelled the Dow and S&P 500 to new records.
Dow Jones Industrial Average futures gained roughly 0.3%, as the blue-chip index looked to build on its all-time closing high. S&P 500 futures traded broadly flat, while Nasdaq 100 futures fell 0.3%.
Wall Street is looking to end the week on a high note, with all three indexes eyeing weekly wins as investors weigh the Federal Reserve's likely policy moves in 2026.
Thursday’s session saw a switch out of high-growth AI beneficiaries, following the Fed's third interest-rate cut of the year on Wednesday.
The Nasdaq Composite lagged its peers as Oracle stock sank after its earnings report reignited AI concerns, helping lead Big Tech names like Google and Nvidia lower.
The trend could continue after chipmaker Broadcom's sales outlook failed to deliver the AI payoff Wall Street was looking for, not helped by unsettling remarks from its CEO to analysts.
Its shares dropped around 4% in premarket, despite its quarterly earnings beat and projected doubling in AI-related chip revenue. Yahoo Finance reports.
EdgeUp
🩱 Lululemon stock pops on earnings beat and CEOchange
The CEO change comes as Lululemon continues to struggle with building up demand in the Americas, the company’s largest market.
Although total comparable-store sales increased 1% from a year ago – in line with projections – comparable-store sales in the Americas fell 5% from a year ago.
And while Black Friday weekend results were encouraging, demand has softened in the following weeks, McDonald said on a call Thursday, which prompted the company to issue somewhat lackluster fourth-quarter guidance.
Fourth quarter revenue will range from $3.500 billion to $3.585 billion, representing a decline of between 3% and 1% from a year ago, largely because of calendar shifts that gave an extra retailing week to the third quarter.
Sales guidance is roughly in line with expectations for $3.57 billion. Barron’s reports.
🏰 Why Disney's OpenAI alliance is a blueprint for AI content deals
Disney is starting a new line of merchandise – but not in the way you'd expect.
The iconic entertainment company is investing $1 billion in Open AI and licensing its beloved characters to be used in images and short videos through ChatGPT and Sora, OpenAI's text-to-video generator.
Instead of toys and backpacks, the merch is synthetic images and videos made by... anybody. Yahoo Finance reports.
📊 Cannabis stocks surge on report Trump seeks to ease restrictions
Shares of cannabis companies jumped on Friday after the Washington Post reported U.S. President Donald Trump is expected to push the government to dramatically loosen federal restrictions on marijuana.
Tilray Brands Inc. (TLRY) saw its stock price jump close to 30% in pre-market trading. Reuters reports.
🛒 Costco tops Wall Street’s sales and revenue expectations
Costco on Thursday surpassed Wall Street’s quarterly expectations and posted year-over-year sales growth of 8.2% as the retailer attracted more digital sales and opened new locations.
The warehouse club does not share a full-year outlook.
On the company’s earnings call, CFO Gary Millerchip said e-commerce gains were one of the strengths of the quarter. Digital sales jumped by 20.5% year over year.
Traffic on its website increased 24% year over year and traffic on its app shot up 48%.
Same-day delivery service offered through Instacart in the U.S. and Uber and DoorDash internationally grew at a faster pace than overall digital sales. CNBC reports.
🔌 Broadcom stock reverses lower on a misinterpretation of what the CEO said on the earnings call
Broadcom on Thursday evening reported another strong quarter and better-than-expected guidance for the current quarter.
Nonetheless, the Club stock gave up its initial pop and traded sharply lower as the Q&A session of the post-earnings conference call kicked off. Investors were apparently not satisfied with CEO Hock Tan’s answer to an important question. Broadcom shares fell as much as 4.6% on Thursday. CNBC 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) KPLT: Katapult Holdings
Total gain: +39.56%
2) TLRY: Tilray Brands
Total gain: +29.53%
3) NX: Quanex Building Prods
Total gain: +21.88%
4) FLGC: Flora Growth
Total gain: +20.91%
5) MITK: Mitek Systems
Total gain: +20.12%
Yesterday’s Biggest Movers
The closing price of the top three market percent gainers trading near or above $3 on December 11.
Stock Analysis reports.
*All pricing and percent gains are based on regular market trading hours from 9:30am to 4:00pm Eastern Time
1) AXIL: AXIL Brands, Inc.
Total gain: +59.36%
The company announce a key strategic milestone. The company has reached a national retail distribution agreement with Walmart, the world’s largest retailer. This partnership will bring AXIL's best-in-class hearing protection and enhancement products to a massive new audience. Globe Newswire reports.
2) VELO: Velo3D, Inc.
Total gain: +55.58%
The stock appeared to be moving on no notable news.
3) SMX: SMX (Security Matters) Public Limited Company
Total gain: +45.64%
The company announced that through a multi-day industrial pilot, it proved that recycled cotton can be marked at the molecular level the moment it re-enters the value chain and can carry that identity through every transformation that follows. Shredding. Spraying. Carding. Yarn spinning. Fabric formation. Finishing. The cotton held its digital fingerprint every step of the way. Accesswire reports.
Today’s Notable Earnings
*Estimate and Actual numbers represent Earnings Per Share in US Dollars
JOUT: Johnson Outdoors
Q4 2025
Before Market Open
Estimate: -0.680
Actual: N/A
ZDGE: Zedge
Q1 2026
Before Market Open
Estimate: 0.020
Actual: N/A
RENT: Rent the Runway
Q3 2025
Before Market Open
Estimate: N/A
Actual: N/A
Today’s Economic Dates
Time (ET)/ Report/ Period
8:00 AM - Philadelphia Fed President Anna Paulson speaks - N/A
8:30 AM - Cleveland Fed President Beth Hammack speaks - N/A
10:00 AM - Wholesale inventories - Sept.
Parting Thoughts
“Within each type of market (bull/bear) is an instance of the other type.”
– Honma Munehisa
Sourced in: Honma Munehisa – father of candlestick charting.
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