U.S. stocks are expected to face opening volatility due to the CME Group system outage.

Saul Knapps of Scope Markets stated that U.S. stock traders are bracing for volatile trading as the U.S. markets reopen after the Thanksgiving holiday due to a system outage at the CME Group.

He noted that pending orders resulting from the freeze on futures trading, including those for the S&P 500 and Nasdaq 100 indices, will lead to a surge in orders when trading resumes. Because futures trading was forced to halt, "the market has temporarily lost a key tool for determining where prices should be," Knapp said.

Before the outage, U.S. stock index futures were higher, with Nasdaq futures frozen at a 0.2% gain, while Dow Jones Industrial Average and S&P 500 futures were both up 0.1%.

[PANews]