Black Friday Futures Halt on Data Center Cooling Issue

U.S. stock futures are halted due to a cooling issue at a data center.

Stocks rallied again on Wednesday and the benchmark S&P 500 is on a four session win streak. Despite the rally, the three major indices are down slightly this month as we head into the final trading session of November.

With no economic data or earnings, investors will focus on retailers on Black Friday leading into the holiday shopping season.

Morning Movers

Snapshot (as of 7 AM ET)

  • Oil (/CL) – Oil prices are higher near $59 a barrel but are down 3% this month on the back of a potential for a resolution of the Ukraine/Russia war.

  • Gold (/GC) Gold futures are near two-week highs at $4220 as expectations rise for a rate cut in December.

  • Bitcoin (/BTC)The Crypto Future is up 1% near 91,000 in premarket trading.

  • VIX The CBOE Volatility Index fell 7.4% on Wednesday and settled at 17.19 as stocks rallied.

  • U.S. Dollar (/DX) – The dollar is higher to 99.7.

Biggest Premarket Movers

Symbol

Product

Mark % Change (as of 7 AM ET)

MU

Micron

+3.09%

COIN

Coinbase

+2.51%

WDC

Western Digital

+1.94%

ORCL

Oracle

-1.93%

KHC

Kraft Heinz

-1.48%

DD

Dupont de Nemours

-0.51%

Economic Data

Time

Event

1:00 PM ET

Markets Close Early

Notable Earnings

Premarket

Postmarket

Premarket Monday

Postmarket Monday

None

None

None

CRDO, MDB

Upgrades/Downgrades

  • CIBC upgrades Canadian National (CNI) to Outperform from Neutral

  • Deutsche Bank downgrades AB InBev (BUD) to Hold from Buy

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