US Stock Futures Drop Amid Economic Uncertainty

U.S. stock futures are experiencing declines as investors recalibrate expectations following recent election results and anticipate key inflation data. The S&P 500 and Nasdaq futures dropped about 0.2%, influenced by concerns over equity valuations and the incoming Trump administration's policies, particularly regarding potential tariffs and regulatory changes. Tesla's stock fell 5% in premarket trading despite a significant post-election surge, while other tech and cryptocurrency stocks also saw declines. Market participants are closely monitoring upcoming inflation reports that could affect Federal Reserve monetary policy, with a 25 basis point rate cut still on the table for December. The dollar is strengthening amidst rising bond yields, reflecting broader market unease and anticipation of interest rate movements. Overall, geopolitical tensions and economic policy uncertainty are leading to a cautious market environment, with bitcoin nearing $90,000 as it is perceived as a safe haven amid volatility.