AI Stocks, Big Tech and the Fed: What Today’s S&P 500 Is Hiding About the U.S. Economy – November 25, 2025
Wall Street today: AI megacaps vs a cooling real economy On Tuesday, November 25, 2025, U.S. stock futures were mixed after a powerful tech-led rebound to start the holiday‑shortened week. Nasdaq futures slipped, while S&P 500 and Dow futures hovered slightly in the red as traders waited for a barrage of delayed U.S. data on retail sales, inflation and consumer confidence, plus earnings from retailers such as Best Buy and Kohl’s. Reuters At the same time, global equities were climbing. A separate snapshot of world markets showed investors piling back into technology stocks as expectations hardened that the Federal Reserve