New York, Dec. 1, 2025 – U.S. stock futures declined on Sunday as investors took profits following a strong rally last week that closed out a volatile November.

After modest early gains, Dow Jones Industrial Average futures (YM00) fell about 200 points, or 0.4%, while S&P 500 futures (ES00) slipped 0.6% and Nasdaq-100 futures (NQ00) dropped 0.8%.

Crude oil prices (CL.1) advanced after OPEC+ reaffirmed its plan to pause output hikes through Q1 2026, amid concerns of a looming global oil surplus. West Texas Intermediate crude has fallen over 18% year-to-date following multiple production boosts this year.

Meanwhile, Bitcoin (BTCUSD) plunged more than 5% below $87,000, reversing part of its five-day rally, and is down over 18% in the past month. Gold futures edged higher, while silver futures touched a 52-week high.

Preliminary Black Friday data showed record online spending of $11.8 billion, up 9% from last year, according to Adobe Analytics. However, historical patterns suggest early holiday sales often overinflate expectations for retail stocks, MarketWatch columnist Mark Hulbert noted.

Last week, the S&P 500 gained 3.7% and the Dow rose 3.2%, marking a five-session winning streak – the best Thanksgiving-week performance since 2008. Both the Dow and S&P 500 posted gains for the seventh consecutive month, while the Nasdaq fell 1.5% in November as AI stocks sold off amid bubble concerns.

Investors are now eyeing the Federal Reserve meeting on Dec. 9-10, with an 87% chance of an interest-rate cut, according to CMS’s FedWatch tool. Stephen Innes, managing partner at SPI Asset Management, cautioned that while the market has embraced the prospect of easing, further deterioration in labor conditions could shift the policy outlook, potentially pressuring equities.