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Happy Tuesday. This is TheStreet’s Stock Market Today for Dec. 2, 2025. You can follow the latest updates on the market here in our daily live blog.
Heading into midday, the Nasdaq (-0.07%) is now narrowly in the red, while the Dow (+0.48%) and S&P 500(+0.11%) are finally bad in the green.
We’ll take a look at the S&P 500 heat map this afternoon for some context on the broader market. Here’s the view:
The U.S. equities market is now open for business. Although earlier it looked as though the futures were golden for a green start to the day, now is another story as investors digest a report from The Information which says that Microsoft (-2%) lowered AI software quotas amid ‘complaints’ from customers about value.
There’s also Delta, which sees the weeks-long government shutdown erasing more than $200 million in profit this quarter. Rounding things out, this morning’s unexpected contraction in the ADP Employment Change — it showed a loss of 32,000 jobs in November.
As a result, the Russell 2000 (+0.29%) is the only equity index in the green for the moment, owing its morning gains to the fact that it isn’t just made up of tech companies. Plus, there’s always a weird optimism on Wall Street around bad economic data lately; the recognition that bad news could actually spur rate cuts, which would be good for the index’s small cap stocks. By contrast, the Nasdaq (-0.43%), S&P 500 (-0.21%), and Dow (-0.08%) are having a less than optimal morning.
In continuous futures, Natural Gas (+2% to $4.938) is higher this morning, adding to a more than 60% rally over the last 3 months. Gold (+0.83% to $4,255.70), Brent Crude (+0.54% to $62.79), and Silver (+0.17% to $58.81) are also up. And in rates land, the 10Y Treasury (-2.7 bips) is sitting at 4.061%.
Few stocks are having a better morning than American Eagle (+15%), which is rallying after announcing strong earnings. However, it’s notably left out of MarketWatch’s premarket moving stocks, so a mention will have to suffice.
On the media firm’s webpage, it’s Marvell Technology (+9%) taking the lead after an interesting reversal in the company’s own earnings report. After initially dropping 8%, the company’s stock flipped to the upside. We touch on why that is.
