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]

Market Performance - The S&P 500 Index is up by +0.39%, the Dow Jones Industrials Index is up by +0.61%, and the Nasdaq 100 Index is up by +0.46% [1] - Stock indexes are reaching 2-week highs, supported by strength in semiconductor stocks and climbing energy producers, with WTI crude up more than 1% to a 1-week high [2] Trading Activity - Trading activity was lighter than normal due to a technical outage at the Chicago Mercantile Exchange, which disrupted trading since Thursday evening [3] - Market activity was expected to be subdued with only half a day of trading following the Thanksgiving holiday [3] Economic Outlook - Optimism about a potential Fed rate cut has boosted stocks, with market sentiment improving as bond yields have fallen amid weak US economic news and dovish Fed comments [4] - The chance of a Fed rate cut at the December 9-10 FOMC meeting has increased to 84% from 30% last week [4][5] Corporate Earnings - Q3 corporate earnings season is concluding, with 475 of the 500 S&P companies having reported results [6] - 83% of reporting S&P 500 companies exceeded forecasts, marking the best quarter since 2021, with Q3 earnings rising by +14.6%, significantly above expectations of +7.2% year-over-year [6]

Market Performance - U.S. stocks experienced modest gains on Friday, with the Dow industrials, Nasdaq composite, and S&P 500 rising by 0.4% or less in morning trading [1] - Technology companies, particularly Alphabet and chip makers like Micron Technology and Intel, saw larger gains [1] Nasdaq Performance - Despite the gains, the Nasdaq composite is on track to record its first monthly loss since March, down approximately 2.1% for the month due to concerns about an AI bubble [2] CME Group Outage - CME Group's derivatives markets reopened at 8:30 a.m. ET after a disruption caused by cooling problems at a key data center, which had prevented trading in futures and options [3] Global Market Trends - Global markets showed little change, with the Stoxx Europe 600 inching higher, Japan's Nikkei 225 increasing by 0.2%, and Hong Kong's Hang Seng Index declining by 0.3% [4] Federal Reserve Expectations - Markets anticipate that the Federal Reserve will cut benchmark interest rates again in December, following indications of a cooling labor market [4] Currency and Bitcoin Trends - The dollar remained steady against a basket of currencies after a previous decline, while Bitcoin rose above $92,000, recovering from a drop below $81,000 [5]