Stock futures were mixed on Monday morning as the market seeks to rebound into the Thanksgiving holiday week after a slide that’s knocked the air out of this year’s AI bull run. S&P 500 futures rose 0.7% and Nasdaq-100 futures increased 1%. Futures on the Dow Jones Industrial Average climbed 171 points, or 0.4%. The stock market is closed on Thursday for Thanksgiving Day, and it shuts down early at 1 p.m. ET on Friday. Stocks are attempting to build on a strong rebound that started on Friday, after the head of the New York Federal Reserve left the door open to a December interest rate cut. Major averages have still stumbled sharply since the month began, pressured by a reconsideration of sky-high valuations across artificial intelligence-linked names that had powered much of 2025′s market gains. The S&P 500 slipped 2% last week, bringing its November decline to 3.5%. The Nasdaq Composite shed 2.7% in the prior week and is down 6.1% for the month. The 30-stock Dow fell 1.9% last week and is off 2.8% month-to-date. The final stretch of November may be no easier. With trading volumes expected to thin out in the coming days and few meaningful catalysts ahead of the Fed’s December policy meeting, volatility could pick up. “Investors hate noise. They crave certainty, and the market simply cannot deliver that right now,” Mark Malek, CIO at Siebert Financial, said in a note. Key macro events this week include October U.S. retail sales and October Producer Price Index data on Tuesday, both of which could help shape expectations heading into the Fed’s final meeting of the year. The benchmark 10-year Treasury yield was slightly lower on Monday morning as bond traders kicked off a shortened trading week and awaited more delayed economic data. The yield on the 10-year Treasury fell more than 1 basis point to 4.048%, while the 30-year bond yield moved more than 2 basis points lower to 4.687%. The 2-year note yield was little changed at 3.514%. Asia-Pacific markets were mixed Monday after New York Federal Reserve President John Williams signaled a third rate cut was a possibility this year. Asian markets declined across the board last week as traders fled tech stocks, with heavyweights such as SoftBank, Samsung Electronics, and Baidu posting losses. Hong Kong’s Hang Seng index rose 1.97% to 25,716.5, boosted by tech and healthcare stocks, while mainland China’s CSI 300 fell 0.12% to 4,448.05. South Korea’s markets turned negative after rising earlier in the session. The Kospi closed 0.19% lower at 3,846.06, while the small-cap Kosdaq fell 0.87% to 856.44. Kospi heavyweight Samsung Electronics rose 2%. Australia’s S&P/ASX 200 rose 1.29% to 8,525.1, rebounding from a 1.59% loss on Friday. Japan was closed for a holiday. Oil prices fell on Monday, extending last week’s decline of about 3%, as investors weighed the chances for a U.S. rate cut against the prospect of a Ukraine peace deal that could lead to an easing of sanctions on major producer Russia. The United States and Ukraine were set to resume work on a revised peace plan ahead of a Thursday deadline set by U.S. President Donald Trump, after agreeing to adjust an earlier version that critics said was too favorable to Moscow. Brent crude futures fell 58 cents, or 0.9%, to $61.98 per barrel, while West Texas Intermediate was down 60 cents, or 1%, at $57.46 a barrel. Gold prices held steady on Monday as growing expectations of a Federal Reserve rate cut next month helped offset pressure from a firm U.S. dollar. Spot gold was steady at $4,065.31 per ounce. U.S. gold futures for December delivery fell 0.4% to $4,062.40 per ounce. The dollar held near the six-month highs hit on Friday, making greenback-priced gold more expensive for holders of other currencies.