US Stock Market Today: S&P 500 Futures Rise as Rate Cut Bets Strengthen

The Morning Bull - US Market Morning Update Thursday, Nov, 13 2025

US stock futures are pointing higher this morning, after the government reopened and the 10-year Treasury yield ticked up to 4.09%. That increase in borrowing costs comes as a direct result of President Trump signing the bill to end the record 43-day shutdown. This is now sparking talk that the Federal Reserve may be more likely to cut interest rates in December, with markets putting the odds at around 60%. At the same time, fresh figures show that hiring is slowing, with job cuts averaging more than 11,000 a week. The big question on investors’ minds is whether rising rates and a lighter job market will force the Fed to act, putting sectors like banks and interest-rate sensitive stocks in the spotlight as all eyes turn to upcoming economic data.

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Top Movers

• BeOne Medicines (ONC) jumped 9.84% after reporting a strong quarter and receiving a price target hike at Citi.
• Advanced Micro Devices (AMD) surged 9.00% as analyst day highlighted its AI roadmap, which led to multiple price target raises.
• AngloGold Ashanti (AU) climbed 7.28% following strong Q3 results, an increased dividend, and positive analyst updates.

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Top Losers

• Circle Internet Group (CRCL) fell 12.21% after a double upgrade at JPMorgan and mixed earnings results.
• Tencent Music Entertainment Group (TME) dropped 8.39% as competition concerns overshadowed a strong Q3 earnings report.
• Nebius Group (NBIS) declined 7.69% following a follow-on equity offering announcement.

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On The Radar

Major tech and media earnings headline the day, with sector leaders set to reveal trends shaping holiday-quarter outlooks.

• Walt Disney (DIS) posts Q4 results on Thursday, offering an up-close view into streaming growth and theme park profitability momentum.
• JD.com (JD) will release Q3 earnings on Thursday, providing clues on Chinese ecommerce demand and margin resilience as the year ends.
• Applied Materials (AMAT) reports Q4 numbers Thursday after the bell, with investors watching for clues on semiconductor equipment order strength.
• Nu Holdings (NU) unveils Q3 earnings Thursday post-market, putting Latin American fintech customer growth and credit quality in focus.

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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.

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