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

The Morning Bull – US Market Morning Update Friday, Nov, 7 2025

US stock futures are pointing higher ahead of the opening bell, as investors digest fresh signals that the job market may be losing steam. The closely watched yield on the 10-year US Treasury note dropped to 4.08% after reports showed layoffs surged to a two-decade high in October. In plain terms, this means the Federal Reserve could be more likely to cut interest rates soon, making borrowing a bit easier for families and businesses. At the same time, a pause in tariffs on goods from China gives manufacturers and importers some breathing room and suggests global trade tensions are easing for now. On one hand, softer job data may cool hopes for rapid economic growth. On the other hand, rate cuts and friendlier trade terms could give sectors like homebuilders and tech companies a lift. The big question for investors is whether a softer job market will help the Fed lower rates before it starts to hurt consumer spending or company profits, especially for companies that rely on steady hiring or global supply chains.

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Top Movers

• Datadog (DDOG) soared 23.13% after multiple analyst upgrades and strong Q3 growth, which fueled optimism.
• Coherent (COHR) surged 18.32% on strong earnings, positive Q2 guidance, and increasing AI and cloud demand.
• Texas Pacific Land (TPL) rose 10.02% after reporting higher revenue and profit in its latest quarterly results.

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Top Losers

• DoorDash (DASH) fell 17.45% as increased tech investments prompted analysts to lower price targets following earnings.
• HubSpot (HUBS) dropped 15.01% after analysts cut price targets due to a decelerating revenue growth outlook.
• IREN (IREN) declined 12.37%.

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On The Radar

Earnings from financials and utilities, along with key inflation data, will shape the market mood as investors weigh future Fed moves.

• KKR (KKR): Third-quarter results on Friday before the market opens will reveal private equity trends and fee growth in a changing deal environment.
• Duke Energy (DUK): Friday’s pre-market earnings update highlights utility sector cost pressures and regulated rate earnings stability.
• US Inflation Data: Upcoming figures this weekend are likely to influence expectations for 2025 Fed rate cuts and consumer spending resilience.

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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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