07:41 AM EST, 11/25/2025 (MT Newswires) -- The benchmark US stock measures were lower before Tuesday's open as investors await key economic data that includes the delayed wholesale prices report for September.

The S&P 500 and the Dow Jones Industrial Average fell 0.2% each before the bell, while the Nasdaq declined 0.4%. The indexes closed Monday higher for a second straight session.

US stock markets will be closed on Thursday for the Thanksgiving holiday and will shut early at 1 pm ET Friday.

September's producer price index, a measure of wholesale prices, and retail sales report for the same month are scheduled to be released at 8:30 am ET. The data were delayed from their original release dates due to the record-long federal government shutdown, which ended earlier this month.

The Case-Shiller Home Price Index and the Federal Housing Finance Agency House Price Index, both for September, are out at 9 am. Investors will also await the Conference Board's consumer confidence report for November and the pending home sales index for October at 10 am.

The delayed business inventories report for August and the Richmond Fed manufacturing index for this month are also due Tuesday.

Nvidia ( NVDA ) shares fell 3.8% pre-bell following a report from The Information that Meta Platforms ( META ) is planning to use chips designed by Alphabet's (GOOG, GOOGL) Google ( GOOG ) for its data centers starting from 2027. Alibaba Group ( BABA ) rose 4% after the Chinese technology giant reported higher quarterly revenue year-on-year and a 34% jump in its Cloud revenue. Zoom Communications ( ZM ) gained 4.3% while Keysight Technologies ( KEYS ) surged 14% on the back of their better-than-expected quarterly results.

Alphabet's class A and class C shares rose 4.3% and 4.2% respectively. The stock recently gained amid "renewed enthusiasm around its Gemini 3 artificial intelligence model and data center investment plans," Saxo Bank said in a report published Monday.

Analog Devices ( ADI ) , Burlington Stores ( BURL ) , Dick's Sporting Goods (DKS), Best Buy ( BBY ) , and Kohl's (KSS) are among the major companies reporting their latest quarterly results before the bell. Dell Technologies ( DELL ) , Workday (WDAY), HP (HPQ) and Zscaler ( ZS ) report after the markets close.

The US labor market remains soft and is "continuing to weaken," Federal Reserve Governor Christopher Waller told Fox Business on Monday, adding that the conditions support another quarter-point rate cut in December. Last week, New York Fed President John Williams said policymakers can afford to further cut interest rates to support a weakening labor market.

The probability that the Federal Reserve will reduce its benchmark lending rate by 25 basis points next month stood at 81% on Tuesday, according to the CME FedWatch tool.

US President Donald Trump on Monday said he had "a very good" telephone call with his Chinese counterpart, Xi Jinping, discussing soybeans and other topics.

"We have done a good, and very important, deal for our great farmers -- and it will only get better," Trump wrote in a social media post.

Treasury yields were little changed in premarket action, with the two-year rate at 3.48% and the 10-year rate at 4.03%. West Texas Intermediate crude oil declined 0.4% to $58.61 a barrel before the open. Gold gained 0.9% to $4,166 per troy ounce, while bitcoin dropped 1.7% to $87,420.