US Stock Market Today: S&P 500 Futures Edge Higher on Imminent Fed Rate Cut Bets

US stock futures are pointing higher this morning, with a key S&P 500 contract up about 0.2 percent as investors bet the Federal Reserve will start cutting interest rates as soon as next week. Markets are pricing in a quarter point cut, while the Fed’s preferred inflation gauge is expected to sit just under 3 percent, which means the cost of living is easing but still not back to normal. On one hand, that could lower borrowing costs for households and businesses, but on the other hand, investors are asking whether rate sensitive areas like housing and growth stocks can keep climbing if inflation stays a bit too warm for comfort.

While the market debates rate cuts and sticky inflation, we have pinpointed undervalued stocks based on cash flows before Wall Street catches on.

• AST SpaceMobile (ASTS) jumped 18.25 percent as traders piled into speculative satellite connectivity momentum.

• Bloom Energy (BE) climbed 15.21 percent, extending gains in clean energy names amid renewed policy optimism.

• Dollar General (DG) surged 14.01 percent after strong earnings, raised guidance, and a steady quarterly dividend.

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• Symbotic (SYM) dropped 17.40 percent after announcing a 10 million share follow on equity offering.

• Snowflake (SNOW) slid 11.41 percent as guidance and ongoing losses tempered enthusiasm around its AI partnerships.

• Intel (INTC) declined 7.45 percent.

Look past the noise – uncover the top narrative that explains what truly matters for Symbotic’s long-term success.

Global growth signals will dominate early week trading, with China trade and German factory data guiding risk appetite.

• China Trade Pulse: November exports and imports, on Monday, will flag demand for US multinationals tied to global manufacturing.

• Germany Industrial Production: The October print, on Monday, will test the nascent European manufacturing rebound that supports US exporters.

• Brazil Rate Expectations: Monday’s BCB Focus readout shapes EM yield dynamics that feed into US risk and carry trades.

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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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