Stock Market Live November 28: S&P 500 (SPY) Running Higher on Black Friday
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Stock Market Live November 28: S&P 500 (SPY) Running Higher on Black Friday
"As we get ready to jump into the final month of 2025, S&P 500 futures are rallying. Up about 11 points, it's getting set to wrap up what's been a very volatile month. Meanwhile, the SPDR S&P 500 (SPY) is up about $1.65 this morning. The Dow Jones is up about 53, with the NASDAQ up about 72. Granted, we had a rough start to the day. All after CME trading came to a standstill following a cooling issue at one of its data centers."
"U.S. online sales for the 2025 holiday season (November 1 to December 31) are forecast to be $253.4 billion, a 5.3% growth compared to the previous year. Cyber Monday sales are expected to come in around $14.2 billion. Black Friday sales are expected to be about $11.7 billion. And Cyber Week is expected to account for $43.7 billion in sales."
S&P 500 futures are rallying, up about 11 points, with SPDR S&P 500 (SPY) up about $1.65, the Dow up about 53 and the NASDAQ up about 72. Trading briefly halted after a cooling issue at CyrusOne data centers caused CME markets to pause, with support working to resolve the problem. Consumers pushed online spending up about 8% to $13.1 billion on Thursday, and Salesforce estimates online sales could reach about $36 billion for the holiday. Investing.com projects Black Friday will drive $78 billion globally and $18 billion in the U.S. Adobe forecasts U.S. holiday online sales at $253.4 billion.
Read at 24/7 Wall St.
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