Stock futures are little changed as traders await payrolls report: Live updates

Traders work on the floor of the American Stock Exchange (AMEX) at the New York Stock Exchange (NYSE) in New York, US, on Monday, Dec. 15, 2025.

Michael Nagle| Bloomberg | Getty Images

Stock futures traded near the flatline Monday night as traders anticipated the release of November’s jobs report.

Futures tied to the Dow Jones Industrial Average lost 21 points, or 0.04%. S&P 500 futures slipped 0.1%, while Nasdaq 100 futures dropped nearly 0.2%.

The three benchmark U.S. indexes closed Monday in the red, pressured by losses in key artificial intelligence names.

In regular trading, Broadcom lost 5.6%, while software company ServiceNow sank 11.5% and Oracle fell 2.7%. Microsoft shares also ended the session lower as investors continued to take profits from high-flying AI trades and move into other areas of the market, including health care and utilities. The U.S. stock market is still heading for a winning year with gains across each of the eleven S&P 500 sectors.

“I think for the next four, five, six months, there is some runway here when you look at the real economy corners of the market,” Chris Verrone, head of technical and macro research at Strategas, said Monday on CNBC’s “Closing Bell.”

“The groups that I think are starting to inflect here have shown us that,” he added. “Where have we seen the new high expansion? Industrials, financials, discretionary, materials. There’s a very real economy feel to this.”

November’s jobs report, which will be out Tuesday morning, could be a catalyst for stocks. Economists polled by Dow Jones predict that nonfarm payrolls grew by 50,000, down sharply from the 119,000 jobs added in September. They also see the unemployment rate coming in at 4.5%, compared to the rate of 4.4% in September. October’s retail sales report is also due.

The November consumer price index will be released on Thursday.

Tesla stock closes at 2025 high

Shares of Tesla rose nearly 3.6% to $475.31 on Monday, recording its highest close of the year after Tesla execs said over the weekend that the electric vehicle maker is testing its driverless cars on Austin public roads with no people on board.

“Testing is underway with no occupants in the car,” CEO Elon Musk wrote in a Sunday post on his social network X.

On Sunday, Tesla’s official account wrote in a pair of posts on X, “The fleet will wake up via over-the-air software update,” and “Slowly then all at once.”

Tesla shares are up 17.7% this year.

— Pia Singh, Lora Kolodny

Ford will record $19.5 billion in special charges tied to EV pullback

Ford Motor said on Monday that it expects to record about $19.5 billion in special items related to a restructuring of its business priorities and a pullback in its all-electric vehicle investments.

The Detroit automaker said most of those charges will occur during the fourth quarter. That will be followed by $5.5 billion in cash to be charged through 2027, and the majority of that chunk will be paid next year, Ford said.

The charges will impact the automaker’s net results but not its adjusted earnings. The automaker said Monday it was increasing its guidance of adjusted earnings before interest and taxes to about $7 billion in 2025. That’s in line with a target from earlier this year, before the company lowered expectations to between $6 billion and $6.5 billion in adjusted EBIT in October.

The charges announced Monday are connected to major changes to Ford’s business plans.

The new plans include refocusing investments on hybrid vehicles, including plug-in models rather than pure EVs; canceling a next generation of large all-electric trucks in exchange for smaller, more affordable EVs; and a rebalancing of its investments in core products such as trucks and SUVs. More here.

— Michael Wayland