December Nasdaq-100 futures experienced bearish price action, rejecting the 50-day moving average at 25,008. Although the index attempted to lead performance, it ultimately slipped with the other indices, managing only to stay slightly positive, likely supported by anticipation of Nvidia's earnings. The Federal Reserve minutes were released, showing policymakers are divided over another December rate cut, with some citing concern that further easing could entrench inflation. Following the minutes, the probability of a 25 basis point rate cut in December dropped from 50% to 33%. Further uncertainty was added by the delay of the October nonfarm payrolls report, removing a key data point for markets trying to gauge the Federal Reserve's next move, which is impacting Nasdaq-100 futures' ability to recover from the recent sell-off.