Traders work on the floor of the New York Stock Exchange (NYSE) at the opening bell in New York on December 16, 2025.
Charly Triballeau | Afp | Getty Images
Stock futures slid after the S&P 500 posted a third losing session Tuesday, as investors weighed newly released U.S. economic data.
S&P 500 futures slipped 0.3%. Nasdaq 100 futures lost 0.4%, while futures tied to the Dow Jones Industrial Average dropped 98 points, or 0.2%.
The U.S. Bureau of Labor Statistics released early Tuesday its November job report, which also included data from October. The findings pulled back the curtain on the U.S.’ economic health following a federal data backup caused by the U.S. government shutdown this fall.
The report showed the U.S. economy shed 105,000 jobs in October, while the unemployment rate rose to 4.6% — its highest level since September 2021. However, 64,000 jobs were added in November, topping the Dow Jones consensus estimate of 45,000.
The S&P 500 dropped 0.2% and the 30-stock Dow fell 302 points, or 0.6%, on Tuesday as investors digested the data. It was the third consecutive negative day for both indexes. Stocks in the energy sector also saw losses, as U.S. crude oil closed at its lowest level since 2021 on pressures from a looming surplus. Oil majors Exxon Mobil and Chevron slid roughly 2%.
“The economy has been slowing for a while, and there [had been] a lot of hope in the market…but all those hopes are now basically dashed as we get this data,” Bob Elliott, CEO of Unlimited Funds, said Tuesday on CNBC’s “Closing Bell Overtime.” “This is probably not the time to be bulked up on stocks, and it may be the time to add some fixed income to your portfolio as you wrap up the year.”
On the economic front, Federal Reserve Governor Christopher Waller and New York Fed President John Williams are slated to speak on Wednesday morning.
Traders are also looking ahead to Thursday’s release of the consumer price index reading for November.
Lennar shares slip in after-hours trading
Shares of homebuilder Lennar fell about 4% after the home construction company posted disappointing guidance for the first quarter.
The homebuilder issued guidance of 17,00 to 18,000 for deliveries in the first quarter, as well as homebuilding gross margin of 15% to 16%, falling short of analysts’ estimates, according to Street Account.
Lennar shares in the past day
Fourth quarter revenue, however, came in at $9.37 billion, topping the LSEG consensus call for $9.02 billion.
— Liz Napolitano
Medline upsizes IPO by $1 billion, prices at $29 per share
Medical supply firm Medline upsized its initial public offering by $1 billion.
The increase brings the total offering size to about $6.2 billion, and it implies a market cap of about $53.4 billion, CNBC’s Leslie Picker reported. Medline’s pricing came in at $29 per share, near the high end of its target range.
Medline’s public listing is slated to be the largest IPO in the U.S. market this year. It comes amid a resurgence in the IPO market, which pulled back following its record activity in 2021.
— Liz Napolitano
