LIVE MARKETS-US stocks rise modestly in early trade; Retail stocks showing life this week
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US STOCKS RISE MODESTLY IN EARLY TRADE; RETAIL STOCKS SHOWING LIFE THIS WEEK
Wall Street's main indexes are modestly higher early on Friday with futures trading springing back to life from an hours-long CME Group outage that had temporarily frozen currencies, commodities and equity contracts around the globe.
Meanwhile, market volumes are expected to be light following the Thanksgiving holiday. Stocks will close at 1 p.m. ET.
In any event, the main indexes are all attempting to rise for a fifth-straight day.
Nearly all S&P 500 index .SPX sectors are higher with Energy .SPNY, up more than 1%, posting the biggest rise. Only Healthcare .SPXHC, off around 0.6%, is on the losing side.
Of note, retail stocks have been underperformers this year. The SPDR Retail ETF XRT.P is posting a year-to-date gain of around 6% vs. a SPDR S&P 500 ETF Trust SPY.P 16% advance. However, now that Black Friday is upon us, the XRT is up 5.7% for the week, and on pace for its biggest weekly gain since May. The SPY is up 3.4% week-to-date.
The Nasdaq Composite .IXIC is on pace to end a seven-month win streak, while the S&P 500 and Dow .DJI are both on track to end six-month win streaks. The Nasdaq last gained seven months in a row in January 2018. The S&P 500 last rose more than six months in a row with a seven-month win streak in August 2021. The Dow last advanced more than six straight months with a 10-month stretch of gains that ended in January 2018.
Here is a snapshot of where markets stood around 10:05 ET:
(Terence Gabriel)
EARLIER ON LIVE MARKETS:
NEUTRAL SENTIMENT NEARS EARLY-NOVEMBER HIGH - AAII CLICK HERE
META’S CHIP BUYING A BOOST FOR GOOGLE, BUT META ITSELF COULD BE THE BIGGER WINNER CLICK HERE
MIDTERM YEARS HISTORICALLY BAD FOR EQUITIES CLICK HERE
CONSOLIDATION COULD DRIVE TELCOS HIGHER IN 2026, SAYS JPM CLICK HERE
QUIET BLACK FRIDAY CLICK HERE
BEFORE THE BELL: SIX MONTH RALLY, CME OUTAGE CLICK HERE
TEPID END TO TORRID NOVEMBER CLICK HERE
EarlyTrade11282025 
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