Yes, the US stock market is open today, Friday, November 28, 2025 — but it’s not a full trading day. The New York Stock Exchange (NYSE) and Nasdaq are running a shortened Black Friday session and will close early at 1:00 p.m. Eastern Time. 1
US bond markets are also open, with trading scheduled to end at 2:00 p.m. Eastern Time. 2
Below is a detailed look at today’s market hours, the latest news for November 28, 2025, and what this means for traders and investors.
Quick Answer: Is the US Stock Market Open on November 28, 2025?
- Status: ✅ Open
- Date: Friday, November 28, 2025
- Occasion: Black Friday (the day after Thanksgiving in the US)
- US stock exchanges open:
- New York Stock Exchange (NYSE) ✔
- Nasdaq ✔
- Closing time for stocks: 1:00 p.m. ET (early close) 1
- US bond market: Open with an early close at 2:00 p.m. ET, following the industry schedule recommended by SIFMA. 2
Yesterday, Thursday, November 27, 2025 (Thanksgiving Day), both US stock and bond markets were fully closed for the holiday. 3
Today’s Trading Hours: NYSE, Nasdaq, Options and Bonds
US Stock Market (Equities)
For Friday, November 28, 2025:
- Regular session (cash equities):
🕤 Opens: 9:30 a.m. ET
🕐 Closes: 1:00 p.m. ET (early close) 1
Both NYSE and Nasdaq list November 28, 2025, as an “Early Close” day, meaning trading in most listed stocks ends three hours earlier than a standard session. 1
Options Markets
Options linked to US equities also follow shortened hours:
- Equity and index options: Generally trade until 1:00 p.m. ET, with some venues permitting eligible options to trade until 1:15 p.m. ET. 1
If you’re trading options today, check your broker’s specific cut-off times for order entry and exercise instructions — some platforms may impose internal deadlines earlier than the official market close.
US Bond Market
The US bond market (including Treasuries) is open but with reduced hours:
- Open: Typically from around 8:00 a.m. ET
- Early close: 2:00 p.m. ET as recommended by SIFMA for the day after Thanksgiving. 2
Bond liquidity often tapers off even earlier on days like today, so institutional traders frequently front-load activity into the morning session.
Why the Market Closes Early on Black Friday
Black Friday is not a federal holiday, but it is treated as a quasi-holiday on Wall Street and is recognized as a state holiday in more than 20 US states. Many offices operate with reduced staff, and some businesses close altogether. 3
To reflect the lighter participation and holiday atmosphere, NYSE and Nasdaq designate the Friday after Thanksgivingas an early close day, with the schedule set years in advance by official exchange holiday calendars and press releases. 1
This pattern is consistent:
- Thanksgiving Day (Thursday): Markets closed.
- Black Friday (Friday): Markets open, but early close at 1:00 p.m. ET for stocks and 2:00 p.m. ET for bonds. 3
What’s Happening in Markets Today (November 28, 2025)?
Today’s session doesn’t just feature unusual hours — it’s set against an active macro backdrop and some unusual market headlines.
1. Global Market Tone: Fed Cut Bets Lift Sentiment
Overnight, Asian shares ended November on steadier footing, supported by growing expectations that the US Federal Reserve could cut interest rates as soon as next month. 4
Key points from today’s global wrap: 4
- The MSCI Asia-Pacific index slipped slightly on the day but gained for the week, breaking a four-week losing streak.
- Markets in Japan and South Korea posted weekly gains, while Chinese and Hong Kong indices showed mixed performance.
- Fed funds futures are now pricing a significantly higher probability of a December rate cut compared with last week, fueling a rally in US Treasuries.
This upbeat tone in Asia sets a cautiously optimistic backdrop for the shortened US session today.
2. CME Outage Freezes US Index Futures Overnight
Heading into today’s Black Friday open, a key story is a technical disruption at CME Group, the world’s largest derivatives exchange. 5
- A cooling failure at a CyrusOne data center used by CME prompted a halt in trading for a wide range of futures contracts, including the S&P 500, Nasdaq 100 and Dow index futures, along with contracts tied to currencies, commodities and Treasuries. 5
- Many US index futures contracts recorded their last trades at around 9:44 p.m. ET on November 27, right before today’s shortened session. 5
- Despite the outage, US-listed stocks and ETFs such as SPDR S&P 500 (SPY) and Invesco QQQ Trust (QQQ) continued to trade in pre-market activity, providing clues on sentiment while futures were offline. 5
Market participants have expressed concern about the timing — on a holiday-thinned trading day — but so far view the issue as manageable as long as normal futures trading resumes promptly. 5
3. Black Friday Retail Expectations: Big Focus on Consumer Spending
Beyond trading hours, investors are watching Black Friday sales data and consumer behavior for clues about the strength of the US economy heading into the holiday season.
According to forecasts cited in today’s coverage, Adobe Analytics expects: 6
- Around $253.4 billion in US online sales from November through year-end, roughly a 5% increase from 2024.
- Black Friday online sales are projected to rise about 8.3% to $11.7 billion, while Cyber Monday is still expected to dominate with an estimated $14.2 billion in online spending.
For equities, particularly retail and ecommerce stocks, today’s session can be influenced by real-time reports on store traffic, online shopping trends and early sales data.
How Today’s Shortened Session Affects Traders and Investors
Even though today isn’t a full-length trading day, it can still matter for portfolios and trading strategies.
Lower Liquidity and Thinner Volumes
Black Friday sessions traditionally see lighter trading volumes, as many institutional desks run with skeleton crews and individual investors are away from their screens. Historical data often shows quieter tape action compared with typical Fridays. 6
Lower liquidity can mean:
- Wider bid–ask spreads
- More slippage on larger orders
- Potentially sharper moves in less liquid names even on modest order flow
Timing Matters More Than Usual
Because markets close at 1:00 p.m. ET, the usual afternoon trading window simply doesn’t exist:
- Any end-of-day rebalancing or position adjustments must be done by early afternoon at the latest.
- Stop losses, profit targets and GTC orders should be reviewed to make sure they still make sense in a compressed trading day.
Impact on Short-Term Traders
Day traders and short-term swing traders might:
- Focus mainly on the opening and late-morning hours, when most of the day’s price action is likely to occur.
- Be more selective with setups, given less time for trades to play out before the closing bell.
Long-term investors, meanwhile, often treat Black Friday as a relatively minor blip in the broader market calendar and may simply ensure that any necessary portfolio moves are placed before the early close.
Practical Checklist for November 28, 2025
If you’re trading or managing investments today, here’s a quick checklist:
- Confirm your local time vs. Eastern Time.
- Market close is 1:00 p.m. ET for stocks and 2:00 p.m. ET for bonds. 1
- Review open orders.
- Make sure limit and stop orders reflect today’s shortened session and potential volatility in low-volume conditions.
- Check your broker’s cut-off times.
- Some brokers stop accepting certain order types (e.g., mutual fund orders, option exercises) before the official market close.
- Keep an eye on key headlines.
FAQ: US Stock Market Hours on Friday, November 28, 2025
Is the NYSE open today?
Yes. The New York Stock Exchange is open today but will close early at 1:00 p.m. ET as part of its official 2025 holiday and early-closing calendar. 1
Is the Nasdaq open today?
Yes. The Nasdaq Stock Market is open and is also scheduled for an early close at 1:00 p.m. ET on Black Friday 2025. 7
Are US bond markets open today?
Yes. US bond markets are open but follow a shortened schedule, with an early close at 2:00 p.m. ET, according to SIFMA’s 2025 holiday calendar. 2
Are US futures markets open today?
US futures markets are scheduled to be open, but CME Group experienced a data center outage that temporarily froze trading in several key futures contracts heading into today’s session. The underlying cash equity markets remain open. 5
Are banks and post offices open today?
- Many banks reopen on Black Friday with normal or slightly reduced hours, depending on the branch. 3
- The US Postal Service resumes regular service today after being closed on Thanksgiving. 3
Check local branch hours if you need in-person services.
Are international markets open?
Major international exchanges in Europe and Asia are operating on their normal schedules today, as Black Friday is not a holiday in those regions. 6
When is the next US stock market holiday?
The next major closure after this week is Christmas Day, Thursday, December 25, 2025, when US stock markets will be closed, with another early close at 1:00 p.m. ET on Wednesday, December 24, 2025. 7
Even though today’s trading window is short, November 28, 2025, is very much an active market day. If you plan to trade, treat the morning and late morning as your main opportunity — and don’t forget that the closing bell comes three hours earlier than usual.
