US Stock Market Today: S&P 500 Futures Nudge Higher Amid Rate Cut Hopes, Oil Jitters

Simply Wall St

Wed, December 10, 2025 at 5:08 AM EST 3 min read

US stock futures are inching higher this morning, with key benchmarks up about 0.1 percent as investors juggle rising bond yields, shifting interest rate expectations and a sharp move in oil. The return on the 10 year US government bond has pushed above 4.2 percent, which makes borrowing more expensive for households and businesses and can pressure growth stocks. At the same time, the Federal Reserve is still expected to cut rates again in December, a small step that should ease mortgage and credit card costs. A third driver is energy, where a weekly crude stock draw of 4.8 million barrels signals tighter supply and the potential for higher fuel prices. That leaves investors asking whether falling interest rates can offset the drag from higher long term borrowing costs and pricier energy, a tension that puts banks, real estate, utilities and energy producers squarely in focus as the opening bell approaches.

As higher yields and energy costs squeeze growth stocks, we have pinpointed undervalued stocks based on cash flows you can act on today.

• Mobilicom (MOB) surged 13.85% in a low float rally without clear company specific catalysts.

• Polestar Automotive Holding UK (PSNY) jumped 9.44% as traders reacted to its recently completed 1 for 30 stock split.

• Ares Management (ARES) climbed 7.27% after news it will join the S and P 500 boosted demand.

Is Polestar Automotive Holding UK still a smart investment or just hype? Read our most popular narrative and get all the answers you need.

• Ferguson Enterprises (FERG) fell 8.05 percent after trimming full year sales growth guidance to around 5 percent.

• AutoZone (AZO) slid 7.17 percent as earnings declined despite higher sales and cautious consumer spending commentary.

• Astera Labs (ALAB) declined 4.93 percent.

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

Software, chip, and consumer discretionary earnings will dominate the next two sessions, setting the tone for growth stocks.

• Software Earnings: Adobe (ADBE) reports Q4 today, with Creative Cloud growth and AI pricing power under the microscope.

• Enterprise Tech: Oracle (ORCL) posts Q2 results today, spotlighting cloud infrastructure momentum versus hyperscale competitors.

• Chip Design: Synopsys (SNPS) Q4 today will hint at semiconductor design demand ahead of the next AI spending wave.

• Consumer Strength Check: Costco (COST) reports Q1 Thursday, offering a clean read on value-oriented US consumer demand.

• High End Retail: lululemon (LULU) Thursday earnings will test premium apparel resilience versus more cautious discretionary spending trends.