US stock futures climbed as elevated expectations for US interest-rate cuts helped sustain traders’ newfound optimism into the Thanksgiving holiday. UK gilts slipped ahead of Wednesday’s budget.
The S&P 500 was set to extend a three-day, 3.5% rally marked by broad gains across sectors. Alphabet Inc. rose 1.5% in premarket trading after three straight closes at all-time highs. The US benchmark also drew technical support as it moved back above its 50-day moving average. The dollar headed for back-to-back losses, while Treasuries eased.
