- CME -0.04% ^GSPC +0.23% GOOG +0.00% MU +3.07% INTC +5.23%
U.S. stocks gained modestly Friday, as investors shrugged off a CME Group outage that had disrupted futures trading overnight.
The Dow industrials, Nasdaq composite and S&P 500 rose 0.4% or less in morning trading. Shares in technology companies such as Google owner Alphabet and some chip makers, including Micron Technology and Intel, logged bigger gains.
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Despite the rises, the Nasdaq composite was on course to register its first monthly loss since March, after a choppy period in which concerns about an AI bubble have fueled market volatility.
As of its close before Thanksgiving, the tech-heavy index was down around 2.1% this month. The S&P 500 and Dow industrials were close to pushing back into postive territory for the month.
CME said its derivatives markets reopened at 8:30 a.m. ET. Before then, traders hadn’t been able to buy or sell CME futures and options, including for U.S. indexes, Treasurys, gold and oil due to cooling problems at a key data center.
The U.S. trading session is shortened following the Thanksgiving holiday. - Kylie Cooper/Reuters Global markets were little changed Friday, with the Stoxx Europe 600 inching higher, Japan’s Nikkei 225 adding 0.2% and Hong Kong’s Hang Seng Index nudging down 0.3%.
Markets expect the Federal Reserve to cut benchmark interest rates again in December, following signs that the labor market is cooling. Fed Chair Jerome Powell’s allies have laid the groundwork for him to push a rate cut through a divided committee.
The dollar held broadly steady against a basket of other currencies, after slipping earlier this week.
Bitcoin rose above $92,000. It has regained ground after falling below $81,000 late last week, but remains far off its October peak of more than $126,000.
Write to Angus Berwick at [email protected]
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