Post-Bell | Wall St Edges Higher; Intel, Circle Rocket 10% Each; Amazon Gains Nearly 2%; Broadcom Hits Record High; Nvidia Falls 1.8%

U.S. stocks climbed on Friday in thin trading volume during a shortened session after Thanksgiving, driven by gains in retail and a recovery in tech stocks.

Expectations for a Federal Reserve rate cut in December strengthened throughout the week, helping underpin sentiment across equity markets.

Market Snapshot

The Dow Jones Industrial Average rose 0.61%, to 47,716.42 points, the S&P 500 gained 0.54%, to 6,849.09 points and the Nasdaq Composite added 0.65%, to 23,365.69.

Market Movers

Intel helped lead the S&P 500 with a 10.2% gain after a TF International Securities analyst said the company would begin shipping Apple's lowest-end M processor as early as 2027.

Alphabet rose 0.1% after wavering throughout the day. Investors have become more excited about Google's AI efforts after the launch of the Gemini 3 chatbot and a potential deal for Meta Platforms to use its chips. Google rival Nvidia ended down 1.8%.

Stocks exposed to cryptocurrency got a boost as Bitcoin rebounded past the $90,000 mark. The world's largest crypto by market cap has moved 0.8% lower over the past 24 hours to $90,736, according to CoinDesk data.

Circle Internet Group, which issued two types of stablecoins, jumped 10%, Coinbase Global was up 3%, Robinhood Markets rose 0.5%, and Strategy, the largest corporate holder of Bitcoin, was 0.9% higher.

Broadcom shares rose 1.36% to record high. Goldman Sachs analyst James Schneider has raised his price target for Broadcom’s stock, reaffirming his buy rating and underlining the company’s pivotal role as a key “arms dealer” in the AI revolution.

GameStop gained 4.2%. The meme stock gained momentum ahead of third-quarter earnings, which are expected next week. Shares have slumped 29% this year.

Oracle declined 1.5%. It has been battered by expectations the company will borrow even more to finance its AI business.

Retail stocks were also in focus on Black Friday, one of the busiest shopping days of the year. Amazon.com gained 1.8%, Walmart rose 1.3%, and Costco Wholesale ended 0.6% higher.

Tilray Brands sank 21%. The cannabis company said it would initiate a one-for-ten reverse stock split, effective Monday.

CME Group closed up 0.2%. The exchange operator reopened futures and options trading at 8:30 a.m. Eastern after a data-center cooling issue disrupted activities for several hours.

Market News

US Futures, Options Resume After CME Outage Underscores Resilience Concerns

Exchange operator CME Group said on Friday that some markets had reopened after global futures were thrown into chaos when the world's largest exchange operator suffered one of its longest outages in years.

The halt caused by a data centre cooling issue stopped trading across stocks, bonds, commodities and currencies. Trading had restarted by 1335 GMT after having been knocked out for over 11 hours, according to LSEG data.

Airbus Issues Major A320 Recall, Threatening Global Flight Disruption

Europe's Airbus said on Friday it was ordering immediate repairs to 6,000 of its widely used A320 family of jets in a sweeping recall affecting more than half the global fleet, threatening upheaval during the busiest travel weekend of the year in the United States and disruption worldwide.

The setback appears to be among the largest recalls affecting Airbus in its 55-year history and comes weeks after the A320 overtook the Boeing 737 as the most-delivered model. At the time Airbus issued its bulletin to the plane's more than 350 operators, some 3,000 A320-family jets were in the air.