U.S. stocks opened with gains on the final trading day of November.<\/p>\n
The S&P 500 rose 0.2% and needs a slightly larger gain to avoid its first down month since April. The Dow Jones Industrial Average rose 138 points, and the Nasdaq gained 0.3%.<\/p>\n
Coinbase Global added 3.6% as bitcoin rose above $92,000 after dropping to around $81,000 last week. The world\u2019s most popular cryptocurrency is still well below its all-time high of around $125,000 set in early October.<\/p>\n
Most tech stocks posted gains, with Meta Platforms rising 1.4% and Micron Technology adding 2.8%. But Nvidia, the market\u2019s most valuable stock, fell 1% and is headed for a double-digit loss for the month. Oracle another high-flyer that struggled this month, fell 2.3%.<\/p>\n
Wall Street is operating on an abbreviated schedule Friday after being closed for the Thanksgiving holiday. Stock trading closes at 1 p.m. ET.<\/p>\n
Earlier, futures for the Dow Jones Industrial Average, S&P 500 and Nasdaq were halted for hours due to a technical issue at the Chicago Mercantile Exchange. CME said the problem was tied to an outage at a CyrusOne data center.<\/p>\n
After\u00a0slumping earlier this month<\/a>\u00a0as investors worried that many of the tech stocks that were propelled higher by the frenzy over artificial intelligence, stocks have risen for four straight trading sessions on hopes the Federal Reserve will again cut interest rates at its meeting next month.<\/p>\n Recent comments from Federal Reserve officials have given traders more confidence the central bank will again cut interest rates at its meeting that ends Dec. 10. Traders are betting on a nearly 87% probability that the Fed will cut next month, according to data from CME Group.<\/p>\n