US stock futures were muted as a holiday-shortened week and downbeat month drew to a close and as the Chicago Mercantile Exchange resumed trading following a data center glitch.
Futures on the Dow Jones Industrial Average (YM=F) were up 0.1%, while those on the S&P 500 (ES=F) added 0.2%. Contracts on the tech-heavy Nasdaq 100 (NQ=F) rose 0.3%.
The CME Group restored operations after a long outage disrupted live trading in futures and options across several markets worldwide, including US Treasurys and US crude oil. Individual stocks appeared to trade without problems. The disruption lasted until 8:30 a.m. ET, when CME said it resolved the outage.
Stocks have rebounded sharply this week as traders ramped up bets that the Federal Reserve will cut interest rates at its meeting in December, less than two weeks away. Renewed faith in the AI trade provided a tailwind for tech names in the run-up to Thursday’s trading shutdown for the Thanksgiving holiday.
But when trading resumes on Friday, the Wall Street indexes will be staring down a losing month. A sharp cooldown in megacap tech names has led to a decline for November, as investors reassessed how quickly AI-driven businesses can translate hype into sustainable profits.
By Wednesday’s close, both the Dow and S&P 500 were slightly lower for the month, on track to end a six-month winning streak. The Nasdaq, down 2% so far, is on track to snap a seven-month run of gains.
As November wraps up, analysts are rolling out their stock-market predictions for the year ahead. Deutsche Bank has set a target for the S&P 500 of 8,000 by the end of 2026, at the highest end of forecasts. HSBC and JPMorgan expect the benchmark index to hover around the 7,500 mark.
Markets will close early on Friday, at 1 p.m. ET, with no major earnings or economic data releases on the docket.
LIVE 8 updates
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CME Group restarts trading after outage caused markets to go dark
The CME Group said all its markets were back up and trading after a data center cooling problem led to a widespread outage that lasted several hours.
Futures on the Dow Jones Industrial Average (YM=F), S&P 500 (ES=F), and Nasdaq 100 (NQ=F) were steady when trading resumed. Dow and S&P 500 futures rose 0.1%, while Nasdaq futures gained 0.3%.
WTI crude oil futures (CL=F) gained 0.3%; Brent futures (BZ=F) edged up by 0.1%.
CME reopened its foreign-exchange platform EBS at around 7 a.m. ET, but trading for the rest of its markets, including US Treasurys and crude futures, was affected until roughly 8:30 a.m. ET. CME attributed the outage to a cooling system glitch at a data center near Chicago.
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Wall Street’s 2026 forecasts are rolling in — and some see the S&P 500 hitting 8,000
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Good morning. Here’s what’s happening today.
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CME partially restores operations with restart of FX platform
The CME (CME) has started to gradually restore operations early Friday after halting trading of futures and options for several hours, thanks to a technical glitch.
Foreign-exchange platform EBS opened for trading at around 7 a.m. ET, according to a notice on the CME website. There was no indication of when other markets stalled by the outage could expect a restart.
“BrokerTec US Actives and BrokerTec EU are now open. Due to a cooling issue at CyrusOne data centers, our other markets are currently halted,” the notice said.
Markets in the US and across the world were impacted by the CME futures shutdown, with US Treasurys and WTI crude futures among those impacted as bond and commodities platforms went dark.
A cooling issue at CyrusOne data centers was the root of the stoppage, according to CME.
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Premarket trending tickers: Oracle, Alphabet and Strategy
Oracle (ORCL) stock fell more than 1% before the bell on Friday. Morgan Stanley flagged credit market concerns for the tech stock on Thursday, and things will only get worse in 2026 unless Oracle can reassure investors about its AI spending spree.
Alphabet (GOOG) stock rose 1% in premarket trading on Friday. Attention has turned to the tech giant over recent days due to its AI efforts and challenging Nvidia (NVDA)’s leadership, with its new AI chips and Gemini 3 chatbot.
Strategy (MSTR) stock rose 2% before the bell. Strategy, which is the largest corporate holder of bitcoin, has seen it’s stock fall 5% over the last five days due to bitcoin’s decline. Bitcoin has now moved back up above $90,000.
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Gold edges toward fourth straight monthly win as rate-cut hopes bloom
Bloomberg reports:
Gold (GC=F) edged higher, on track for a fourth monthly gain, on heightened expectations for another interest-rate cut in the US.
The trading of futures and options on the Chicago Mercantile Exchange stopped for several hours due to a data center fault, affecting liquidity in precious metals markets and leading to choppy sessions with wider-than-usual bid-ask spreads.
Bullion was near $4,160 an ounce on Friday, up more than 2% for the week. A series of comments by Federal Reserve officials and the release of delayed economic data have supported the case for lower borrowing costs, which typically benefit gold as it doesn’t pay interest. Swap traders are pricing in a more-than-80% chance of a quarter-point cut in December.
Read more here.
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Commodities trading halted as data centre issue puts pause on CME futures
Bloomberg reports:
Read more here.
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Oil sees largest single-month drop in over two years
Bloomberg reports:
Read more here.
