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business1d ago
Dow, S&P 500, Nasdaq futures muted as rocky month draws to an end, before CME glitch halts trading
- US stock futures were muted to modestly higher as the Thanksgiving-shortened week ended and the month neared close.
- The CME outage disrupted multiple markets but was resolved, allowing a restart of trading across futures and FX platforms.
- Traders have been optimistic about a potential Federal Reserve rate cut in December, boosting tech shares.
- Megacap tech cooldown weighed on November but AI enthusiasm supported gains in the run-up to the holiday.
- The Nasdaq faces a potential seven-month gain streak reversal as month-end results loom.
- CME outlined that a cooling issue at CyrusOne data centers caused the outage impacting multiple markets.
- EBS foreign-exchange trading platforms resumed as CME reopened other markets after the outage.
- Market watchers noted limited major data or earnings releases on the docket for the day.
- Dow and S&P 500 futures moved modestly higher as investors assess year-ahead forecasts.
- Investors watched how a cooling market for megacap tech could influence December policy bets.
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