Rate Cut Hopes Lift US Equity Futures Pre-Bell

09:10 AM EST, 11/21/2025 (MT Newswires) -- US equity futures were up ahead of Friday's opening bell, rebounding from losses from the previous session, after a Federal Reserve official fueled rate cut hopes.

Dow Jones Industrial Average futures were 0.6% higher, S&P 500 futures were up 0.6%, and Nasdaq futures were 0.5% higher.

In a prepared speech for the Central Bank of Chile Centennial Conference, New York Fed President John Williams said he still sees room for "further adjustment" to interest rates in the near term.

Oil prices were lower, with front-month global benchmark North Sea Brent crude down 0.9% at $62.77 per barrel and US West Texas Intermediate crude down 1.2% at $58.29 per barrel.

The S&P Composite Purchasing Managers' Index, scheduled for release at 9:45 am ET, is seen coming in at 54.5 in the preliminary report for November versus 54.6 previously, according to estimates compiled by Bloomberg.

The November Consumer Sentiment Index, slated for 10 am ET, is seen coming in unchanged from the flash report at 50.3.

In other world markets, Japan's Nikkei closed 2.4% lower, Hong Kong's Hang Seng ended 2.4% lower, and China's Shanghai Composite finished 2.5% lower. Meanwhile, the UK's FTSE 100 was little changed, and Germany's DAX index was 0.4% lower in Europe's early afternoon session.

In equities, Enviri (NVRI) shares were 33% higher after the company said it has agreed to sell its Clean Earth unit to Veolia for $3.04 billion in cash.

On the losing side, AnaptysBio (ANAB) stock was down 11% after the company said it is suing GSK's (GSK) Tesaro unit over an alleged breached of their collaboration agreement covering cancer drug Jemperli.

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