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US STOCKS-US futures muted as traders await data after federal reopen
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US STOCKS-US futures muted as traders await data after federal reopen
Nov 13, 2025 3:19 AM

(For a Reuters live blog on U.S., UK and European stock

markets, click or type LIVE/ in a news window.)

*

Futures: Dow up 0.08%, S&P 500 down 0.07%, Nasdaq down

0.09%

Nov 13 (Reuters) - Wall Street futures were subdued on

Thursday as investors awaited indications on the U.S. economy

and the monetary policy path after President Donald Trump signed

a bill ending the longest government shutdown in the country's

history.

At 5:25 a.m. ET, Dow E-minis were up 37 points, or

0.08%, S&P 500 E-minis were down 4 points, or 0.06% and

Nasdaq 100 E-minis were down 20.75 points, or 0.08%.

Markets will closely monitor the flow of economic data from

key statistical agencies, with the absence of data leaving both

the Federal Reserve and traders guessing on the health of the

labor market and the inflation trajectory.

Still, some data gaps are likely to be permanent, with the

White Housing saying employment and Consumer Price Indexes

reports for October might never be released.

"Six-plus weeks of delayed data will start to be released,

likely beginning early next week. It will take time to catch up,

and there could still be less than full data availability for

the next Fed meeting," Tom Nelson, head of market strategy at

Franklin Templeton Investment Solutions, said in a note.

"This could prove problematic, with Fed members both calling

for larger cuts and others preferring a pause to assess with a

full slate of data."

Data from private firms in recent weeks have raised concerns

about a weakening U.S. job market.

U.S. employers shed more than 11,000 jobs a week through

late October, according to payroll processor ADP. Separate data

from Indeed Hiring Lab showed retail-related job postings

dropped 16% in October compared to last year.

Traders are currently pricing in a 55% chance of a

25-basis-point rate cut in December, lower than last week's 70%,

according to CME Group's FedWatch tool.

A bright spot, Cisco Systems' ( CSCO ) shares rose 6.5% in

premarket trading after the company raised full-year profit and

revenue forecasts betting on demand for its networking equipment

amid a data center expansion fueled by artificial intelligence.

Technology and AI names have come under pressure lately,

with the Nasdaq falling in the past two sessions, as

investors rotated out of pricey tech stocks into traditionally

defensive areas such as healthcare and consumer staples.

The Dow has benefited from the rotation, notching

back-to-back record highs after lagging gains of the S&P and the

Nasdaq this year.

Nvidia ( NVDA ) was down 0.6% in premarket trading, while

Intel ( INTC ) and Advanced Micro Devices ( AMD ) fell 0.3% and

0.7%, respectively.

AI bellwether Nvidia's ( NVDA ) earnings next week could further test

the optimism around the technology which has driven markets to

record highs this year, but come under more scrutiny in recent

weeks.

With the third-quarter earnings season almost under wraps,

notable earnings for the day include Walt Disney ( DIS ).

JD.com shares rose 3% as the e-commerce giant topped

market estimates for quarterly revenue.

Among other moves, shares of some memory chipmakers fell

after results from Japan's Kioxia Holdings.

Micron Technology ( MU ) fell 1.5%. Western Digital ( WDC )

and Sandisk ( SNDK ) dropped over 3% each.

(Reporting by Twesha Dikshit in Bengaluru)

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