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US STOCKS-US futures muted as markets await data after federal government reopening
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US STOCKS-US futures muted as markets await data after federal government reopening
Nov 13, 2025 5:03 AM

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

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

*

Futures down: Dow 0.12%, S&P 500 0.21%, Nasdaq 0.25%

*

Cisco Systems ( CSCO ) gains after annual revenue forecast hike

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JD.com rises as quarterly revenue beats estimates

(Updates with quote, prices)

By Twesha Dikshit and Purvi Agarwal

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.

Markets will closely monitor the flow of official data, as

its prolonged absence left both the Federal Reserve and traders

guessing on the economic health and reliant on alternative

sources.

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.

Philip Marey, senior U.S. strategist at Rabobank, said the

commencing of the shutdown in October, and inadequate time in

November could compromise data collection quality, potentially

making both reports unreliable.

"The FOMC will have to rely on other data more than they

are used to and on their prior beliefs. If the latter are

reflected in the bimodal September dot plot, we could be looking

at a big fight between hawks and doves in December."

At 07:06 a.m. ET, Dow E-minis were down 60

points, or 0.12%, S&P 500 E-minis were down 14.25

points, or 0.21% and Nasdaq 100 E-minis were down 64.5

points, or 0.25%.

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 an about 54% chance of a

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

according to CME Group's FedWatch tool.

Several Fed speakers, including voting regional presidents,

have expressed scepticism over another interest rate cut in

December, prompting investors to scale back bets.

A bright spot, Cisco Systems' ( CSCO ) shares rose 7.1% 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 the S&P and the Nasdaq

this year.

Nvidia ( NVDA ) was down 0.8% before the bell, while

Alphabet and Microsoft ( MSFT ) were off 0.6% and 0.3%

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.

Walt Disney ( DIS ) was down 3.4%. The media giant said it

would boost its dividend by 50% and double its share buyback

plan for fiscal 2026.

JD.com shares gained 1.1% as the e-commerce giant

topped market estimates for quarterly revenue.

Among other moves, shares of memory chipmaker Micron

Technology fell 0.7% after results from Japan's Kioxia

Holdings.

Memory device makers Western Digital ( WDC ) and Sandisk ( SNDK )

dropped 3.5% each.

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