U.S. Stocks Trade Mixed as Monthly Gains Expected

U.S. stocks traded in a mixed fashion Friday in thin trading, at the start of a shortened trading day. 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.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 expansion. The services PMI is seen falling to 50.4, down from 50.6 the prior mont

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