U.S. stocks rose modestly on 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 of technology companies such as Alphabet, which owns Google, and some chipmakers, including Micron Technology and Intel, posted further gains.
Despite the gains, the Nasdaq Composite was on track to post its first monthly loss since March, after a choppy period in which concerns about an AI bubble have fueled market volatility.
At its close before Thanksgiving, the technology index was down about 2.1% this month. The S&P 500 and Dow industrials came close to returning to positive territory during the month.
CME said its derivatives markets reopened at 8:30 a.m. ET. Before that, traders had been unable to buy or sell CME futures and options, including indices, Treasuries, gold and U.S. oil, due to cooling issues at a key data center.
Global markets were little changed on Friday, with the Stoxx Europe 600 inching higher, Japan’s Nikkei 225 adding 0.2% and Hong Kong’s Hang Seng Index down 0.3%.
Markets expect the Federal Reserve to cut benchmark interest rates again in December, following signs that the labor market is cooling. Allies of Federal Reserve Chair Jerome Powell have laid the groundwork for him to push for a rate cut through a divided committee.
The dollar was broadly stable against a basket of other currencies, after falling earlier this week.
Bitcoin rose above $92,000. It has regained ground after falling below $81,000 late last week, but remains far from its October high of over $126,000.
Write to Angus Berwick at angus.berwick@wsj.com