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US STOCKS-Wall Street set to open lower as markets await data after government reopening
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US STOCKS-Wall Street set to open lower as markets await data after government reopening
Nov 13, 2025 6:18 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 0.2%, S&P 500 0.3%, Nasdaq 0.4%

*

Cisco Systems ( CSCO ) gains after annual revenue forecast hike

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JD.com rises as quarterly revenue beats estimates

(Updates prices, analyst quote before market open)

By Twesha Dikshit and Purvi Agarwal

Nov 13 (Reuters) - Wall Street was set to open in the

red 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, with

its prolonged absence leaving both the Federal Reserve and

traders guessing on the economy's 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.

"While we always expected that many data points missed

during the shutdown will remain dark, there are questions about

what the inflation and jobs data will look like once these

reports come back online," said Carol Schleif, chief market

strategist at BMO Private Wealth.

"We would not be surprised to see some market chop over

the coming weeks as the government gears and economic data

presses get turning again."

At 08:32 a.m. ET, Dow E-minis were down 87

points, or 0.18%, S&P 500 E-minis were down 17 points,

or 0.25% and Nasdaq 100 E-minis were down 71.5 points,

or 0.27%.

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.

Comments from more Fed officials will be parsed through

the day.

A bright spot, Cisco Systems' ( CSCO ) shares rose 6.3% in

premarket trading after the company raised full-year profit and

revenue forecasts betting on demand for its networking

equipment.

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 1.1% before the bell, while

Alphabet was off 0.9%.

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 almost 6%. The media giant said

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

plan for fiscal 2026.

JD.com shares gained 1.5% as the e-commerce giant

topped market estimates for quarterly revenue.

Among other moves, memory device makers Western Digital ( WDC )

and Sandisk ( SNDK ) dropped over 2.5% each after

results from Japan's Kioxia Holdings.

Sealed Air ( SEE ) shares jumped 21.8% after reports that

the company was set to go private in an acquisition deal with

equity firm Clayton Dubilier & Rice.

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