Stock Market News Today, 12/5/25 – U.S. Stock Futures Inch Higher Ahead of Key PCE Inflation Data

U.S. stock futures climbed early Friday as investors awaited the Personal Consumption Expenditure (PCE) price index data, the Fed's preferred inflation gauge along with other key economic reports. Futures on the Nasdaq 100 (NDX), the S&P 500 (SPX), and the Dow Jones Industrial Average (DJIA) were up 0.43%, 0.23%, and 0.04%, respectively, at 3:20 a.m. EST on December 5.

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During Thursday's regular trading session, the three major indexes closed mixed, as a private report showed that November's job cuts pushed the year's total past the 1 million mark, with losses driven by corporate restructuring, AI initiatives, and tariffs. The Dow fell 0.07%, while the S&P 500 rose 0.11% and the Nasdaq gained 0.22%. The Nasdaq recorded its eighth gain in nine sessions, supported by a 3.4% increase in Meta (META) and a 2.1% rise in Nvidia (NVDA). The three indexes were on track to post modest gains after a volatile week.

Investors await a slew of economic reports today that could shape the Federal Reserve's upcoming policy decisions. Focus will be on the delayed September data for consumer spending and incomes, the PCE data, and the University of Michigan's December consumer sentiment survey.

No key earnings releases are scheduled for today.

Notably, the U.S. 10-year Treasury yield was down, floating near 4.10%. WTI crude oil futures were trending lower, hovering near $59.59 per barrel as of the last check. Additionally, the Gold Spot U.S. dollar price increased to nearly $4,224 per ounce on Friday.

Elsewhere, in Europe, markets opened mostly higher on Friday amid a wave of regional economic releases and negotiations concerning peace talks between Russia and Ukraine.

Asia-Pacific Markets Traded Mixed

Asia-Pacific markets traded mixed on Friday as traders weighed Wall Street's moves against rate-cut hopes.

Hong Kong's Hang Seng Index gained 0.52%. In China, the Shanghai Composite rose 0.70% and the Shenzhen Component added 1.12%. Meanwhile, Japan's Nikkei dropped 1.05%, and the Topix fell 1.05%, giving up some of the prior day's gains.

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