Nasdaq Notches First Monthly Loss Since March as Dow, S&P 500 Make Gains

Market Overview - U.S. stocks are poised for modest gains as futures trading resumes after a 10-hour outage at CME Group due to cooling issues at a data center [1] - Futures tied to major indices like the Dow, Nasdaq-100, and S&P 500 rose by 0.3% or less, while individual stocks, including Alphabet and chip makers like Micron Technology and Intel, saw gains in premarket trading [2] Monthly Performance - The Nasdaq composite is on track to record its first monthly loss since March, down approximately 2.1% for the month, amid concerns regarding an AI bubble [3] - The S&P 500 and Dow industrials have also seen declines of 0.4% and 0.3% respectively this month, although the broader index remains up nearly 16% for 2025 [3] Global Market Trends - Global markets showed little change, with the Stoxx Europe 600 slightly higher, Japan's Nikkei 225 up by 0.2%, and Hong Kong's Hang Seng Index down by 0.3% [4] - Expectations are building for the Federal Reserve to cut benchmark interest rates in December, influenced by signs of a cooling labor market [4] Currency and Cryptocurrency - The U.S. dollar remained steady against a basket of currencies after a recent decline [5] - Bitcoin has risen above $92,000, recovering from a drop below $81,000, but is still significantly lower than its October peak of over $126,000 [5]