Is the U.S. Stock Market Open on Friday, November 28, 2025? Black Friday Trading Hours Explained

If you’re wondering “Is the U.S. stock market open this Friday, 28.11.2025?”, the short answer is:

Yes, the U.S. stock market is open on Friday, November 28, 2025 — but it will close early at 1:00 p.m. Eastern Time.

This special schedule applies to the major U.S. equity exchanges, including the New York Stock Exchange (NYSE) and the Nasdaq Stock Market, which officially designate Black Friday as an early‑close trading day rather than a full market holiday. ^[1]

At the same time, U.S. bond markets will also operate on shortened hours, closing at 2:00 p.m. ET following industry recommendations from SIFMA (the Securities Industry and Financial Markets Association) and confirmed in multiple holiday calendars and media reports. ^[2]

Below is a detailed breakdown of what that means for traders, investors, and anyone watching markets heading into the Thanksgiving weekend.

Quick Answer: Black Friday 2025 Market Hours at a Glance

Friday, November 28, 2025 (Black Friday, the day after Thanksgiving)

U.S. stock markets (NYSE, Nasdaq, most U.S. exchanges)
- Open: 9:30 a.m. ET
- Close: 1:00 p.m. ET (early close) ^[3]
- Options: Many NYSE‑listed options close at 1:15 p.m. ET on early‑close days. ^[4]
U.S. bond markets (Treasuries and most dollar‑denominated fixed income)
- Open: Morning session
- Close: 2:00 p.m. ET (recommended early close) ^[5]

So if you plan to trade U.S. stocks, ETFs, or many options on Friday 28.11.2025, you’ll need to get everything done by early afternoon New York time.

Thanksgiving Week 2025: Full Market Schedule

Black Friday doesn’t exist in a vacuum — it’s part of a well‑established Thanksgiving week pattern that the exchanges publish years in advance and that financial media are highlighting today (26 November 2025).

According to official holiday calendars from NYSE and Nasdaq, plus multiple news outlets, here’s how the week looks: ^[6]

Wednesday, November 26, 2025

Status: Normal full trading day
Equity market hours: 9:30 a.m. – 4:00 p.m. ET for NYSE and Nasdaq
Bond markets: Normal schedule

Today’s reporting confirms that both stock and bond markets are open for a normal session on Wednesday, giving investors a full day to rebalance portfolios before the holiday break. ^[7]

Thursday, November 27, 2025 – Thanksgiving Day (U.S.)

U.S. stock markets: Closed
U.S. bond markets: Closed ^[8]

There is no regular trading in U.S. stocks or bonds on Thanksgiving Day.

Friday, November 28, 2025 – Black Friday

Stock markets: Open, early close at 1:00 p.m. ET
Options: Early close around 1:15 p.m. ET for many products
Bond markets: Open, early close at 2:00 p.m. ET ^[9]

This pattern — closed Thursday, shortened day Friday — is consistent across NYSE holiday calendars, Nasdaq’s official 2025 trading schedule, and major financial media coverage. ^[10]

What Today’s News (26 November 2025) Says About the Schedule

Financial outlets are all converging on the same message about whether the U.S. stock market is open this Friday, 28.11.2025:

LiveMint’s explainer on Thanksgiving and Black Friday notes that U.S. stock benchmarks will be closed on Thursday, November 27, but reopen on Friday, November 28 for a shorter session, with equity indices closing at 1:00 p.m. ET and the bond market at 2:00 p.m. ET. ^[11]
A Barron’s Thanksgiving‑week hours piece reiterates that NYSE and Nasdaq are on normal hours today (Wednesday), closed tomorrow (Thanksgiving), and will close early at 1:00 p.m. ET on Black Friday, with bonds closing at 2:00 p.m. ET. ^[12]
MarketWatch echoes that U.S. stock and bond markets are shut on Thanksgiving and run shortened hours on Black Friday, with stocks closing at 1:00 p.m. ET and bonds at 2:00 p.m. ET. ^[13]
Kiplinger’s dedicated Black Friday 2025 trading‑hours guide again confirms that both NYSE and Nasdaq will be open Friday, November 28, 2025, but will close at 1:00 p.m. Eastern, while bond markets close at 2:00 p.m. ET. ^[14]

In other words, every major source is aligned: the U.S. stock market is open this Friday, 28 November 2025 — just not for the full day.

Bond Markets, Options, and Other Assets

U.S. Bond Markets

SIFMA publishes recommended holiday schedules for U.S. dollar‑denominated fixed income securities, which dealers and trading desks widely follow. For 2025, SIFMA confirms: ^[15]

Thanksgiving Day (Thu, Nov 27, 2025): Full market close
Friday, Nov 28, 2025: Early close at 2:00 p.m. ET

Consumer‑oriented guides from Bankrate and others list the same 2:00 p.m. ET early close for bond markets on Black Friday. ^[16]

Options Trading

NYSE’s own holiday and early‑close calendar notes that on the day after Thanksgiving, eligible options will trade until 1:15 p.m. ET, slightly extending beyond the 1:00 p.m. equity close but still much earlier than the usual 4:00 p.m. close. ^[17]

Options on other venues typically follow a similar pattern, but exact cut‑off times can vary by product, so traders should double‑check their broker’s notice for Friday 28.11.2025.

Futures and Other Instruments

Futures on CME Group’s exchanges (such as equity index futures, Treasuries, and commodities) follow modified Globex hours around the Thanksgiving holiday, with halts on Thursday and early Friday daytime closes that broadly align with the shortened cash‑equity session. ^[18]

The exact timetable depends on the contract (e.g., equity index, energy, metals), so if you trade futures or CFDs, it’s best to consult your broker’s 2025 Thanksgiving hours page.

How Markets Are Trading Heading Into Black Friday 2025

Because this is news for November 26, 2025, it’s helpful to look at how Wall Street is behaving heading into the early‑close Friday.

Today’s Session: Fed Rate‑Cut Optimism

As of late morning and early afternoon on Wednesday, November 26, 2025, U.S. stocks are rallying strongly:

By around 11:25 a.m. ET, LiveMint reports the Dow Jones Industrial Average up about 0.76%, the S&P 500 up 0.82%, and the Nasdaq Composite up 0.93%. ^[19]
The gains are being credited to rising expectations that the Federal Reserve could deliver another interest‑rate cut at its December meeting, with markets poring over recent economic data and awaiting the Fed’s Beige Book later today. ^[20]

A Wall Street Journal summary notes that major indices are on track for one of their strongest Thanksgiving weeks in years, with the Nasdaq eyeing its best performance for the holiday week since 2008, helped by continued enthusiasm for artificial‑intelligence‑linked names. ^[21]

Key Stock Movers Today

News coverage today also highlights several big individual stock moves as markets head into the holiday: ^[22]

Dell Technologies is up about 5–6% after stronger‑than‑expected quarterly forecasts.
HP Inc. is down roughly 2% after announcing job cuts of around 10% of its workforce as it pivots to AI‑driven efficiency.
Deere & Company shares are lower by just over 5% on a weaker profit outlook for 2026.

This mix of optimism (Fed cuts, strong tech earnings) and pockets of corporate stress sets the stage for what is likely to be a low‑volume but closely watched Black Friday session.

Historical Context: How Thanksgiving Week Usually Behaves

If you’re trying to decide how much Black Friday actually matters for your portfolio, historical data offer some perspective.

A recent analysis on Nasdaq, using the past decade of market performance, found that: ^[23]

Thanksgiving week has outperformed the S&P 500’s typical annual return in 7 of the past 10 years.
Through Friday, November 21, 2025, the S&P 500 is up about 12.3% in 2025, while the Nasdaq Composite is up roughly 15.3%, both ahead of the long‑term average stock‑market return of ~10% per year.

That doesn’t guarantee anything for this Friday — and the Nasdaq article itself warns against trying to “time” the market — but it explains why investors pay attention to Thanksgiving week as a seasonal tailwind, even on a day with shortened hours.

What the Early Close Means for You on Friday 28.11.2025

Because liquidity and hours are different on Black Friday, it’s worth planning ahead.

Here are a few practical implications:

Less time to react
- With the closing bell at 1:00 p.m. ET, traders have 2–3 fewer hours than usual during the cash session. That matters if you’re planning same‑day entry and exit or need to adjust positions before the weekend.
Lower volume – potentially higher intraday volatility
- News outlets and market commentary this week are already warning that trading volumes often thin out into the holiday, especially on Friday, which can make individual stocks move more sharply on relatively small orders. ^[24]
Consider using limit orders
- On a short, low‑volume day, it’s generally safer to use limit orders instead of pure market orders so you’re not surprised by a wide bid‑ask spread.
Watch broker cut‑off times
- Some brokers set earlier internal deadlines for same‑day settlement, mutual‑fund orders, or complex options strategies on early‑close days. Fund‑family holiday calendars show that many long‑term mutual funds also follow early 1:00 p.m. or 2:00 p.m. ET cut‑offs around Thanksgiving. ^[25]
International investors: adjust for time zones
- 1:00 p.m. ET on Friday corresponds to 18:00 GMT / 19:00 CET (standard time), so European and UK traders have a bit more overlap in their afternoon. Asian‑based traders, however, may need to place orders overnight.
Remember: this is not a full holiday
- While Thanksgiving Day itself is a proper market holiday, Black Friday is officially just an “early close”. That means news can still move prices, and positions held into the weekend will still reflect whatever happens during those shortened hours. ^[26]

FAQ: U.S. Stock Market on Friday, November 28, 2025

Is the U.S. stock market open on Friday, November 28, 2025?
Yes. NYSE, Nasdaq, and other major U.S. stock exchanges are open, but they will close early at 1:00 p.m. Eastern Time. ^[27]

Is the market closed on Thanksgiving Day 2025?
Yes. U.S. stock and bond markets are fully closed on Thursday, November 27, 2025, for the Thanksgiving holiday. ^[28]

What time do U.S. bond markets close on Black Friday?
Most U.S. bond trading follows the SIFMA recommendation of a 2:00 p.m. ET early close on Friday, November 28, 2025. ^[29]

Does every U.S. exchange follow the same early‑close time?
The core stock session for NYSE and Nasdaq ends at 1:00 p.m. ET, and that’s the reference time most outlets quote. Some specialized sessions (like certain options and after‑hours systems) may run slightly longer, but the main trading day is effectively over at 1:00 p.m. ^[30]

Are global markets affected by Black Friday?
Foreign exchanges don’t officially observe Black Friday, but liquidity in U.S.‑linked instruments worldwide often thins out once the U.S. cash session closes early. Many global brokers also publish Thanksgiving‑week modifications for U.S. futures and CFDs. ^[31]

This article is for informational purposes only and does not constitute financial advice. Always check your broker’s holiday notices and consider consulting a qualified financial professional before making investment decisions.

Here are the stock market’s trading hours for Thanksgiving and Black Friday