US Stock Market Today: S&P 500 Futures Edge Higher on Building Fed Cut Bets

Simply Wall St

Wed, December 3, 2025 at 5:11 AM EST 3 min read

US stock futures are pointing modestly higher this morning, helped by growing bets that the Federal Reserve will cut its key interest rate by a quarter of a percentage point as soon as next week. That would be the first step toward cheaper borrowing costs, which matter for everything from credit card bills to mortgage rates. At the same time, a global watchdog now expects US economic growth to cool to roughly 2 percent over the next two years, hinting at a slower but still expanding economy. The big question is whether this mix of gentler rates and softer growth will favor growth focused tech and small cap stocks over interest rate sensitive sectors like utilities and real estate.

We have uncovered undervalued stocks based on cash flows that are poised to benefit most if rate cuts ignite the next leg higher.

• MongoDB (MDB) jumped 22.23% after strong Q3 results and upbeat revenue guidance impressed investors.

• Boeing (BA) surged 10.15% on continued optimism around aircraft demand and balance sheet improvement.

• Credo Technology Group Holding (CRDO) climbed 10.12% after blowout earnings and sharply raised revenue guidance highlighted AI demand.

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

• Symbotic (SYM) declined 21.51%.

• Astera Labs (ALAB) declined 13.47%.

• XPeng (XPEV) declined 7.92%.

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

Cloud and software earnings take the spotlight today, with a wave of specialty retail and tech updates following tomorrow.

• Salesforce (CRM) reports Q3 results today, Wednesday, with AI driven cloud demand and large deal momentum under the microscope.

• Snowflake (SNOW) also posts Q3 numbers today, sharpening the market’s read on data cloud workloads and consumption trends.

• Dollar Tree (DLTR) delivers Q3 earnings today pre market, offering a clean read on low income consumer resilience and trade downs.

• Dollar General (DG) reports Q3 results Thursday, where traffic trends and shrink improvement will shape the turnaround narrative.

• Samsara (IOT) and Ulta Beauty (ULTA) post Thursday earnings, spotlighting AI enabled fleet telematics and discretionary beauty spending strength.

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