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Meanwhile, the coming week could see President Donald Trump nominate a successor to Federal Reserve Chairman Jerome Powell, and a special election in Tennessee could further narrow the GOP’s House majority.

Futures tied to the Dow Jones industrial average fell 48 points on Sunday, or 0.1%. S&P 500 futures were down 0.13%, and Nasdaq futures slipped 0.12%.

The yield on the 10-year Treasury rose 1.3 basis points to 4.032%. The U.S. dollar was down 0.04% against the euro and down 0.15% against the yen. 

Gold rose 0.1% to $4,259.50 per ounce. U.S. oil futures climbed 1.55% to $59.46 a barrel, and bitcoin dipped 0.39% to $90,450.

On Saturday, market veteran Ed Yardeni pointed out in a note that the S&P 500 had crossed back above its 50-day moving average, and backed his view for the broad market index to hit 7,000 by year’s end.

“The S&P 500 would need to rise by just 2.2% to reach 7,000,” he added. “That could happen this coming week, in our view.”

Considering the S&P 500 jumped nearly 4% in a trading week shortened by the Thanksgiving holiday, a 2.2% gain isn’t much of a stretch.

The market’s rebound was fueled by hopes that another rate cut later this month is still on the table, after some hawkish policymakers previously hinted at a wait-and-see stance.

But Trump could further stoke more dovish views if he reveals who is choice will be to take over as Fed chair when Powell’s term expires in May.

“I know who I’m going to pick as Fed chair. I will announce it soon,” Trump told reporters on Sunday.

He declined to confirm if Kevin Hassett, director of the National Economic Council, will be the one. But odds on prediction markets have soared in his favor, with Kalshi showing a 66% probability that Hassett will be nominated.

That’s added to expectations of more easing at the Fed’s Dec. 9-10 meeting, and CME’s FedWatch tool shows investors see 87% odds for a quarter-point cut.

Meanwhile, voters will decide on Tuesday who will fill a vacancy in a deep-red Tennessee congressional district. Republican Matt Van Epps and Democrat Aftyn Behn are in a tight race, according to some polls, despite Trump winning the district in a landslide last year.

Lots of money and several national figures are converging on the race. A win by Behn would further narrow the GOP’s already-slim majority and make affordability a higher priority in Congress.

After Democrats made stunning gains during off-year elections on the issue, another win could add urgency to efforts to extend enhanced Affordable Care Act subsidies to prevent insurance premiums from spiking next year.

Lundin Mining Announces Updated Share Capital and Provides Update on Share Buybacks

November 30, 2025

VANCOUVER, BC, Nov. 30, 2025 /CNW/ – (TSX: LUN) (Nasdaq Stockholm: LUMI) Lundin Mining Corporation (“Lundin Mining” or the “Company”) reports the following updated share capital and voting rights, in accordance with the Swedish Financial Instruments Trading Act. View PDF version

The number of issued and outstanding shares of the Company decreased by 808,293 to 855,747,541 common shares with voting rights as of November 30, 2025. The decrease in the number of issued and outstanding shares from October 31, 2025 to date is the result of share buybacks completed under the normal course issuer bid (“NCIB”), offset by the exercise of employee stock options or the vesting of employee share units.

Normal Course Issuer Bid

Under the Company’s shareholder distribution policy, the Company is committed to allocating up to US$150 million in annual share buybacks through the NCIB program. So far during 2025, Lundin Mining has acquired 13,629,000 common shares at a cost of approximately US$122 million.

About Lundin Mining

Lundin Mining is a diversified base metals mining company with operations or projects in Argentina, Brazil, Chile, and the United States of America, primarily producing copper, gold and nickel.

The information in this release is subject to the disclosure requirements of Lundin Mining under the Swedish Financial Instruments Trading Act. The information was submitted for publication, through the agency of the contact persons set out below on November 30, 2025 at 16:00 Pacific Time.

SOURCE Lundin Mining Corporation

For further information, please contact: Stephen Williams, Vice President, Investor Relations, +1 604 806 3074; Robert Eriksson, Investor Relations Sweden, +46 8 440 54 50