Skip to content

Stocks, U.S. Futures Hold Gains Amid Low Volumes: Markets Wrap

  • Bets increase for quicker tightening of Fed monetary policy
  • Dollar trades at 16-month high, heads for fifth weekly gain
Video player cover image
WATCH: Supply-chain constraints and inflation make this year’s Thanksgiving dinner 14% more expensive.Bloomberg
Updated on

Global stocks and U.S. index futures rose as signs of a solid recovery in the world’s largest economy offset jitters over inflation and a faster tapering of Federal Reserve stimulus.

Trading volumes narrowed around the world as U.S. traders stayed off for the Thanksgiving holiday. The turnover in Asia’s equity benchmark was 17% lower than its 30-day average. It shrank 26% in Europe and 30% in Latin America.