Stock Market Today: S&P 500, Nasdaq Futures Reverse Course Ahead of Market Open

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Happy Monday. This is TheStreet’s Stock Market Today for Nov. 17, 2025. You can follow the latest updates on the market here in our daily live blog.

Update: 8:59 a.m. ET

Pre-Market Movers

This morning, stock futures seem to be heading lower, after initially opening higher. Here are the stocks making the most pronounced moves before the market open, per MarketWatch:

Winners

Jazz Pharmaceuticals (+21.7%) is having a fantastic morning; some could even call it defining. The company's new cancer drug, Ziihera, soared in its phase three trial -- a big win for the company and partner Zymeworks.

By comparison, the rest of today's pre-market gainers don't look super impressive, but some attention should be paid to Alphabet, which is popping on news of Berkshire Hathaway taking an over $5 billion stake in the business.

Losers

On the other end of the market, let's start by ignoring Netflix. That one is an error, created by their 1-for-10 stock split today. Other than that, everything here is correct.

Investors in LibertyMedia (-11.7%) might wish it weren't true, though. It's distantly joined by Aramark (-6.7%) and AI-adjacent plays Dell (-6.5%) and HP (-4.4%).

Update: 7:34 a.m. ET

A.M. Update

Good morning. Happy Netflix split day to those who celebrate, plus a very happy Alphabet Monday to Berkshire followers. Today, both mega caps are making headlines; one for their 10-for-1 split, the other for a new $5 billion+ stake started by the asset manager. Here's what is on deck for this morning:

Earnings Today: Trip.com, XPeng, AECOM

Starting off the week, there's not a huge number of earnings -- as you'd expect. Here's the shortlist of firms reporting to kick off the week:

Events + Data Today

Here are this morning's events, with estimates provided by TradingEconomics: