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Stock market today: Dow, S&P 500, Nasdaq futures slide with Wall Street awaiting expected Fed rate cut
US stocks stalled on Monday, as Wall Street headed into a pivotal week dominated by the Federal Reserve's final policy meeting of 2025.
The tech-heavy Nasdaq Composite (^IXIC) rose roughly 0.2%, while the S&P 500 (^GSPC) slipped below the flatline. But the Dow Jones Industrial Average (^DJI) backed off 0.1% on the heels of closing gains for stocks.
Markets are on the lookout for risks to almost-total confidence that the Fed will cut interest rates at its two-day policy meeting, which starts on Tuesday. After a recent surge in optimism, traders now see an 88% probability of a cut in Wednesday's decision, compared with 67% odds a month ago, per CME FedWatch.
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Wall Street rises to the edge of its all-time high
Options trader Joseph DâArrigo works on the floor of the New York Stock Exchange, Tuesday, Dec. 2, 2025. (AP Photo/Richard Drew)
NEW YORK (AP) â The U.S. stock market rose to the edge of its all-time high on Friday.
The S&P 500 added 0.2% and finished just 0.3% shy of its record closing level, which was set in October. It had briefly topped the mark during the day, before paring its gain.
The Dow Jones Industrial Average added 104 points, or 0.2%, and the Nasdaq composite gained 0.3%.
The modest moves capped a quiet week for Wall Street, offering a respite following weeks of sharp and scary swings.
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