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Investing.com — U.S. stocks traded in a mixed fashion Friday in thin trading, at the start of a shortened trading day.
By 09:30 ET (14:30 GMT), the rose 75 points, or 0.2%, the traded largely flat, while the dropped 10 points, or 0.1%.
These major averages are all on pace for hefty monthly gains, as economic data has tended to fuel optimism that the Federal Reserve’s campaign of interest rate hikes may have peaked.
The Nasdaq has rallied 11% so far in November. The DJIA has advanced nearly 7%, and the S&P 500 is up more than 8%.
The news that Israel and Hamas are set to start a four-day truce today, with the release of a first group of 13 Israeli women and child hostages expected later in the day, has also helped sentiment.
PMIs headline the data slate
There’s little on the economic data slate Friday, although the November and purchasing managers’ indices from financial information group S&P Global will attract some attention.
These indices are often seen as proxies for economic activity in the world’s largest economy, with the manufacturing PMI expected to have dipped to 49.8, down from 50.0 in October, the mark that separates contraction from…
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