- CME +1.40% ^DJI +0.67% GC=F +0.59% GOOG -1.04% ^IXIC +0.82%
U.S. stocks looked set for modest gains Friday, as futures trading restarted after a CME Group outage lasting more than 10 hours.
The exchange operator’s 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.
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Futures tied to the Dow industrials, Nasdaq-100 and S&P 500 rose 0.3% or less.
Premarket trading in individual stocks wasn’t affected. Shares in companies such as Google owner Alphabet and some chip makers, including Micron Technology and Intel, gained in early market action.
Barring a big rebound in regular trading, however, the Nasdaq composite is on course to end Friday with its first monthly loss since March, with concerns about an AI bubble fueling 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 are down 0.4% and 0.3% so far this month. The broader index is still up nearly 16% for 2025.
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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