S&P 500 Futures Drop Amid Cautious Fed and Earnings Jitters

The Morning Bull - US Market Morning Update Tuesday, Nov, 4 2025

US stock futures are pointing lower ahead of the opening bell as investors respond to persistent signals from the Federal Reserve about a cautious rate-cutting approach. Elevated Treasury yields and signs of ongoing manufacturing headwinds are fueling uncertainty, raising concerns that higher borrowing costs could weigh on business confidence and cool demand across the market as participants weigh the risk of a prolonged policy pause.

When markets get shaky, stay ahead with our exclusive undervalued stocks based on cash flows. Spots are filling fast.

Top Movers

• IDEXX Laboratories (IDXX) surged 14.84% after the company raised its full-year guidance following strong Q3 earnings.
• Kenvue (KVUE) jumped 12.32% on news of a $40.2 billion buyout deal from Kimberly-Clark and solid earnings results.
• Incyte (INCY) rallied 8.65% after the company announced key oncology program data will be featured at the ASH 2025 meeting.

Is Incyte still a smart investment or just hype? Read our most popular narrative and get all the answers you need.

Top Losers

• DuPont de Nemours (DD) plunged 57.51% after its post-spin restructuring and significant changes to the board and executive team.
• Kimberly-Clark (KMB) dropped 14.57% as investors responded to the $40.2 billion Kenvue acquisition announcement.
• AST SpaceMobile (ASTS) declined 11.35%.

Look past the noise - uncover the top narrative that explains what truly matters for Kimberly-Clark's long-term success.

On The Radar

Markets are set to digest a flood of high-impact earnings reports from blue chips and tech leaders alongside key economic data.

• Pharma & Biotech Earnings: Pfizer (PFE) reports Q3 results on Tuesday, with a spotlight on updated guidance and post-pandemic growth drivers.
• Enterprise & AI Hardware: Super Micro Computer (SMCI) posts Q1 earnings after the bell Tuesday. Momentum in AI server demand will be under scrutiny.
• Consumer & Travel Pulse: Airbnb (ABNB) releases Q3 numbers after-market Thursday as investors gauge post-summer travel demand and the outlook for holiday bookings.
• Semiconductors: Advanced Micro Devices (AMD) shares Q3 results after-market Tuesday; attention will focus on AI chip growth compared to traditional PC chips.
• Manufacturing Health: Fresh ISM and S&P Global manufacturing PMI data may signal stabilization and provide clues on industrial demand resilience this quarter.

Use our Portfolio or Watchlist features to track market-moving events like these and get alerts for the companies you own, free!

Find Tomorrow's Top Performers

Don’t settle for the usual picks, because opportunity often hides in plain sight. Act quickly to discover penny stocks with strong financials with stellar fundamentals and breakout potential right now.

Ready to take control? Use our stock screener to uncover hidden gems that fit your unique style and receive timely alerts so you never miss an opportunity.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com