Tech led Monday’s losses, with AI jitters continuing to bubble around big names such as Oracle (ORCL<\/a>) and Broadcom (AVGO<\/a>) after their underwhelming earnings results last week<\/a>.<\/p>\n Those worries will be put on the back burner to start Tuesday, as all eyes on Wall Street turn to the latest monthly employment figures. The late-arriving November nonfarm payrolls report will fill an economic data void caused by the US government shutdown \u2014 and fuel the big year-end debate<\/a> over whether the Federal Reserve will halt or hasten policy easing in 2026.<\/p>\n A plurality of traders is betting on two rate cuts from the Fed next year, as policymakers focus on tackling the labor market rather that dealing with sticky inflation. The November report is expected to show<\/a> a lackluster gain of 40,000 jobs when the print is released at 8:30 a.m. ET., while unemployment is seen at 4.4%. Investors also get a estimate on October payrolls, but only partial thanks to the US shutdown.<\/p>\n The jobs data will set the stage for another release on Thursday, with consumer inflation numbers for November set for an unveiling. Together, the two reports make up a chunk of the “great deal of data” Fed Chair Jerome Powell has flagged the central bank will study before its next rate decision in January.<\/p>\n A catch-up report on October retail sales is also on Tuesday’s docket, as are first looks at US manufacturing and services activity in December.<\/p>\n In corporates, Ford (F<\/a>) shares rose in premarket trading after the automaker said it would take a $19.5 billion charge<\/a> as part of a pivot away from electric vehicles. Later, focus will turn to Lennar (LEN<\/a>) earnings due after the market close.<\/p>\n LIVE 8 updates Broadcom stock extends its slide <\/p>\n Broadcom (AVGO<\/a>) stock moved 1% lower in premarket trading, putting shares on track to extend their slide for a fourth day.<\/p>\n The stock has declined by 16% in the past three days, including a 5.5% drop on Monday, following the company’s earnings. While Broadcom beat Wall Street’s estimates for its fiscal fourth quarter, investors viewed the chip developer’s AI backlog \u2014 $73 billion over the next 18 months \u2014 as a bit light.<\/p>\n That helped catalyze Broadcom’s worst three-day decline since March 2020, which in turn helped fuel a sell-off in tech names on Monday.<\/p>\n However, year to date, Broadcom stock is on a remarkable run and is on pace to return 46%.<\/p>\n Kraft Heinz (KHC<\/a>) stock edged higher on Tuesday after announcing that Steve Cahillane will become the next CEO of the company, effective January 1, 2026, according<\/a> to a statement from the maker of Heinz ketchup.<\/p>\n Steve Cahillane, who used to be the CEO of Kellanova (K<\/a>), will also join the company’s Board of Directors. Outgoing leader, Carlos Abrams-Rivera, will step down on January 1 and will serve as advisor to the company until March 6, 2026, the statement said.<\/p>\n Kraft Heinz announced in September that it plans to split into two companies. The group’s stock price has fallen 22% so far this year.<\/p>\n Read more here. <\/a><\/p>\n Oil continued to slide on Tuesday amid concerns about a supply surplus and hopes of a breakthrough in Ukraine peace talks.<\/p>\n Brent crude futures (BZ=F<\/a>) fell 1.4% to break below $60 a barrel for the first time since May, trading near their lowest since 2021. Meanwhile, US benchmark West Texas Intermediate futures (CL=F<\/a>) dropped roughly 1.6% to just below $56 a barrel.<\/p>\n Bloomberg reports:<\/p>\n Read more here<\/a>.<\/p>\n Roku (ROKU<\/a>) shares rose 4% before the bell following Morgan Stanley’s upgrade to Overweight from Equal Weight, along with a<\/a> price target increase to $135 from $85.<\/p>\n Gitlab (GTLB<\/a>) stock fell 3% during premarket trading on Tuesday after being downgraded by analysts at KeyBanc, who cut their rating to Sector Weight from Overweight.<\/p>\n Zillow (Z<\/a>) stock dropped 2% in premarket trading. The housing app closed 8% down on Monday, following news that Google (GOOG<\/a>) thawill start to test real estate listings in its search results.<\/p>\n Nasdaq seeks SEC approval for 23-hour trading during weekdays <\/p>\n Bloomberg reports:<\/p>\n Read more here<\/a>.<\/p>\n Bitcoin breaches $86,000 while sinking toward year\u2019s lows <\/p>\n Bloomberg reports:<\/p>\n Bitcoin (BTC-USD<\/a>) dropped below $86,000 for the first time in two weeks, with investor sentiment weakening as the largest cryptocurrency slips deeper into bear market territory.<\/p>\n Bitcoin has been drifting toward the lower bound of its recent trading range with any bounce in price being met by selling from investors who purchased the original cryptocurrency near the all-time high reached in early October, analysts said.<\/p>\n … \u201cWe\u2019ve continued to trade this very choppy range between 85k-94k in BTC, with a continued lack of interest and low volumes broadly across crypto markets,\u201d said Bohan Jiang, senior derivatives trader at FalconX.<\/p>\n Bitcoin has continued to fall with other risk assets in recent weeks but hasn\u2019t rebounded when they have, breaking its usual upside correlation. The slide highlights what analysts see as a market squeezed by weak liquidity and fading risk appetite even after the Federal Reserve\u2019s rate cut last week.<\/p>\n Read more here<\/a>.<\/p>\n Kraft Heinz names ex-Kellanova chief Steve Cahillane as new CEO <\/p>\n
Good morning. Here’s what’s happening today. Oil prices fall as hopes grow for Ukraine peace talks <\/p>\n
Premarket trending tickers: Roku, Gitlab, and Zillow <\/p>\n
Mon, December 15, 2025 at 11:59 PM UTC Ford to take $19.5B charge in pivot away from EVs <\/p>\n