US stock futures were flat on Monday, after Wall Street posted modest gains in the final session of November during Friday's shortened trading session for the Thanksgiving holiday.
Investors are now focusing on upcoming economic data and expectations of another interest rate cut by the Federal Reserve (Fed).
All three major indexes posted their best week since June, although the Nasdaq Composite still recorded its first loss since March on continued concerns about the valuations of artificial intelligence (AI) and technology companies.
The Dow Jones Industrial Average rose 0.61% to 47,716.42, the S&P 500 rose 0.54% to 6,849.09 points, while the tech-focused Nasdaq rose 0.65% to 23,365.69 points.
Meanwhile, the CME derivatives market resumed trading after a major data center outage, although trading volumes remained subdued on what was expected to be one of the quietest sessions of the year.
Retail stocks also found support as investors took advantage of Black Friday deals, with the National Retail Federation (NRF) projecting a record 186.9 million shoppers for Thanksgiving and Cyber Monday.
Intel shares surged 10.2% to lead the S&P 500 on hopes that the company might supply Apple with processors.
Meanwhile, some AI favorites like Nvidia are under pressure as risks become more pronounced.
