US stock futures dipped again: Dow, S&P 500 and Nasdaq all in red — here are the top stock gainers and losers to watch today

US stock futures slipped early Tuesday. Traders struggled to extend Monday’s sharp tech rebound, the strongest since May. Dow futures (YM=F) fell 0.16% to 46,439. S&P 500 futures (ES=F) inched lower. Nasdaq 100 futures (NQ=F) dipped 0.1% as the tech rally cooled.

The market is entering a holiday-shortened trading week. Monday’s bounce had lifted the Nasdaq Composite (^IXIC) by 2.7%, led by megacap tech stocks after weeks of heavy selling.

But even with the surge, major indexes are still pacing for November losses. Investors remain cautious as valuations in AI and growth stocks stay historically high.
Nvidia (NVDA) turned lower in premarket trading. Shares fell more than 3% after The Information reported that Meta (META) is in talks to buy billions of dollars’ worth of Google’s AI chips called TPUs.

Meta may start renting Google’s chips in 2026 and deploying them in data centers by 2027.

Alphabet (GOOG, GOOGL) shares jumped as much as 2.7% on the report.
The news raised concerns that Nvidia’s dominance in AI datacenters may face new competition. Nvidia’s performance has been one of the biggest drivers of the S&P 500’s gains in 2024 and 2025.
Rate-cut optimism is still shaping sentiment. Markets now price in an 80%+ chance of a quarter-point rate cut in December.
New York Fed President John Williams recently said rate cuts could come in the “near term.” Fed Governor Chris Waller reinforced that message on Monday, pushing expectations higher.

Lower rates remain a major catalyst for tech and growth-heavy indexes.

A backlog of delayed economic data begins clearing this week. Tuesday brings September producer price numbers, retail sales data, and a November reading of consumer confidence.

These reports are important because investors want clarity on inflation and consumer strength heading into the final weeks of 2025.

The earnings calendar is lighter this week. Alibaba (BABA), Kohl’s (KSS), and Best Buy (BBY) headline the holiday-shortened stretch.

US markets close Thursday for Thanksgiving. Friday trading ends early at 1 p.m. ET.

Premarket activity was mixed. Alphabet led gainers, while Nvidia, AMD, Tesla, and Rigetti were among the notable decliners.

US Stock Futures Slip as Nasdaq Leads Declines

US stock futures traded lower early Monday as investors approached the shortened Thanksgiving week with caution. Dow futures slipped to 46,441, down 73 points or 0.16%, compared with the previous close of 46,513.59. S&P 500 futures fell to 6,708.25, losing 13 points or 0.19%. Nasdaq futures showed the steepest drop at 24,862.25, down 86 points or 0.34%, from the earlier level of 24,941.16.

Top Gainers

Alphabet led the pre-market gainers with a strong breakout. Alphabet Class A rose to $329.60, up $11.02 or 3.46%, hitting its 52-week high. Trading volume crossed 303,000 shares. Alphabet Class C matched the momentum at $329.50, also up 3.46%, supported by 235,000 shares.

Antelope Enterprise Holdings posted one of the sharpest moves. The stock surged 20.95% to $3.06 on 1 million shares, distancing itself from its 52-week low of $1.13.

NIO gained 2.43% to $5.89, showing strength after trading near its yearly low of $3.02. Sandisk climbed 2.26% to $232.10 with 213,000 shares traded, staging a recovery inside its wide $27.89–$284.76 range.

Top Losers

Nvidia pulled the chip sector lower. The stock traded at $176.85, down $5.70 or 3.12%, after a volatile week. AMD dropped 3.15% to $208.28, marking another early-session retreat from its $267.08 yearly high.

Rigetti Computing slipped 2.22% to $25.98 on 237,000 shares. BitMine Immersion Technologies fell 2.77% to $30.24, extending its correction from its $161 peak.

Tesla also traded lower. Shares eased 0.88% to $414.09, but remained well above the stock’s 52-week low of $214.25. Opendoor Technologies dipped 0.91% to $7.62, continuing recent pressure in the real estate tech space.

The broader futures market remained weak ahead of the holiday week. Nasdaq futures led declines with a 0.34% drop. The Dow slipped 0.16%, while the S&P 500 eased 0.19%. Traders monitored tech-heavy names closely as mixed pre-market moves in mega-caps and semiconductors set the stage for a volatile session.

The mix of sharp gainers like Alphabet and steep declines in chip names created a split market tone, signaling another session shaped by earnings momentum, valuation resets, and cautious risk appetite.