US Stock Market Today: S&P 500 Futures Dip Amid Cooling Jobs, Resilient Services Activity

Thursday, Dec 4, 2025 5:30 am ET1min read

US stock futures dip amid cooling job market and resilient service sector activity. Private payrolls fell by 32,000 in November, strengthening the case for interest rate cuts and impacting borrowing costs. However, services activity remains above 52, indicating economic growth with higher costs. Rate relief may support banks, real estate, and smaller domestically focused companies. Top movers include Microchip Technology, ON Semiconductor, and Symbotic, while losers include Pure Storage, Sandisk, and Netflix. Consumer and software names are in focus with earnings and shareholder meetings shaping guidance into 2026.

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