Stock Market Today: Dow, S&P 500 Stage Turnaround Despite Microsoft AI Report, Disappointing ADP Jobs Showing

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Happy Tuesday. This is TheStreet’s Stock Market Today for Dec. 2, 2025. You tin travel the latest updates connected the marketplace present successful our regular unrecorded blog.

Heading into midday, the Nasdaq (-0.07%) is present narrowly successful the red, portion the Dow (+0.48%) and S&P 500(+0.11%) are yet atrocious successful the green.

We'll instrumentality a look astatine the S&P 500 vigor representation this day for immoderate discourse connected the broader market. Here's the view:

The U.S. equities marketplace is present unfastened for business. Although earlier it looked arsenic though the futures were aureate for a greenish commencement to the day, present is different communicative arsenic investors digest a study from The Information which says that Microsoft (-2%) lowered AI bundle quotas amid 'complaints' from customers astir value.

There's besides Delta, which sees the weeks-long authorities shutdown erasing much than $200 cardinal successful nett this quarter. Rounding things out, this morning's unexpected contraction successful the ADP Employment Change -- it showed a nonaccomplishment of 32,000 jobs successful November.

As a result, the Russell 2000 (+0.29%) is the lone equity scale successful the greenish for the moment, owing its greeting gains to the information that it isn't conscionable made up of tech companies. Plus, there's ever a weird optimism connected Wall Street astir atrocious economical information lately; the designation that atrocious quality could really spur complaint cuts, which would beryllium bully for the index's tiny headdress stocks. By contrast, the Nasdaq (-0.43%), S&P 500 (-0.21%), and Dow (-0.08%) are having a little than optimal morning.

In continuous futures, Natural Gas (+2% to $4.938) is higher this morning, adding to a much than 60% rally implicit the past 3 months. Gold (+0.83% to $4,255.70), Brent Crude (+0.54% to $62.79), and Silver (+0.17% to $58.81) are besides up. And successful rates land, the 10Y Treasury (-2.7 bips) is sitting astatine 4.061%.

Few stocks are having a amended greeting than American Eagle (+15%), which is rallying aft announcing beardown earnings. However, it's notably near retired of MarketWatch's premarket moving stocks, truthful a notation volition person to suffice.

On the media firm's webpage, it's Marvell Technology (+9%) taking the pb aft an absorbing reversal successful the company's ain net report. After initially dropping 8%, the company's banal flipped to the upside. We interaction connected wherefore that is.