Stock futures advanced Friday morning ahead of a shortened trading day that will cap a strong month for equities. Futures tied to the Dow Jones Industrial Average climbed 162 points, or 0.4%. S&P 500 futures and Nasdaq 100 futures each rose 0.3%. Some of the upward momentum came from chip stocks, which popped after Bloomberg reported that the Biden administration was considering additional barriers on the sale of semiconductor equipment to China that weren’t as strong as previously expected. Applied Materials, Lam Research and KLA rallied more than 2% each, while Nvidia jumped more than 1%.The iShares Semiconductor ETF (SOXX) added nearly 1% in premarket trading. Those moves come as traders look to the end of a winning week and month. November trading largely centered on the postelection rally seen on the back of President-elect Donald Trump’s victory. The Dow has added 1% week to date, bringing its gain for November above 7%. That’s the best month for the Dow since November 2023. The S&P 500 and Nasdaq Composite have advanced 0,5% and 0.4%, respectively, on the week. Both are slated to end 2024′s penultimate month higher by more than 5%.The small cap-focused Russell 2000 outperformed in November as investors saw the group benefiting from Trump’s potential tax cuts. The Russell 2000 has surged about 10.5% since November began. The stock market was dark on Thursday and closes at 1 p.m. ET on Friday in observance of the Thanksgiving holiday. There are no economic data releases or corporate earnings reports of note expected on Friday. Trading is expected to be light. The 10-year Treasury yield retreated to a new low going back to late October on Friday, as U.S. markets head for a shortened trading day following the Thanksgiving holiday. The yield on the 10-year Treasury slipped just over 2 basis points to 4.219%. At one point, the yield fell as far down as 4.203%, which marked its lowest point since Oct. 30. Meanwhile, the 2-year Treasury shed around 1 basis point, sitting at 4.202%. Asia-Pacific markets mostly lost ground on Friday, led by losses in South Korean stocks after its industrial production declined for a second straight month in October. The country’s benchmark index, Kospi, fell 1.95% to close at 2,455.91, leading losses in Asia, while the small-cap Kosdaq dropped 2.33%, ending at 678.19. Japan’s Nikkei 225 fell 0.37% after the inflation data release to end at 38,208.03, while the broad-based Topix fell 0.24% to 2,680.71. Hong Kong’s Hang Seng index was up 0.2% in its last hour of trade, while mainland China’s CSI 300 rose 1.14% to close at 3,916.58. Australia’s S&P/ASX 200 dropped 0.1%, closing at 8,436.2. Oil prices were mixed on Friday following a potential renewal of supply risk as Israel and Hezbollah traded accusations of ceasefire violations, and as a delay to an OPEC+ meeting left investors awaiting a decision on its output policy. Brent crude futures fell by 7 cents, or 0.1%, to $73.21 a barrel by 0232 GMT. U.S. West Texas Intermediate crude futures were at $69.10, up 38 cents, or 0.55%, compared to Wednesday’s closing price. Trading remained thin due to the Thanksgiving holiday on Thursday that shut U.S. financial markets. Gold prices rose on Friday, helped by a slight dip in the U.S. dollar and growing geopolitical tension, but remained on track for a weekly decline as markets awaited key U.S. data for further insights into the Federal Reserve’s monetary policy direction. Spot gold rose 0.7% to $2,660.03 per ounce, as of 0236 GMT. However, bullion was down 2% so far this week. U.S. gold futures gained 0.8% to $2,659.70. The dollar index eased 0.2, boosting gold’s appeal for holders of other currencies.