Friday’s abbreviated post-Thanksgiving session delivered a modest upside finish to the holiday-shortened week, capping a five-day winning streak for the S&P 500 index futures despite early technical drama.
Overnight trading began near the session low of 6824.25 before a CME data center outage paused futures and options trading. SPDR ETFs held above Wednesday’s close during the interruption, and once trading resumed and initial volatility was gone, bulls easily defended green territory into the regular-session open.
A quick test of unchanged gave way to a contained rally that steadily lifted the index futures to a new weekly high. Late-morning and afternoon chop proved temporary, with a final-minute push printing the session high of 6863.75. The early 1:00 PM ET close settled near that peak at 6859.50, up 31.50 handles.
Next week kicks off with Fed Chair Powell’s speech Monday at 8:00 PM ET, followed by November ADP employment, several delayed macro reports (including September PCE on Friday), and some earnings sprinkled throughout.
Among top index components, Meta Platforms Inc (NASDAQ: META) emerged as the biggest gainer. The tech conglomerate rose $14.34 or 2.26% to close at $647.95.
That performance was over four times better than the cash index’s 0.55% advance.
The biggest loser was NVIDIA Corp (NASDAQ: NVDA). For the day, the chip designer fell $3.28 or 1.82% to close at $176.98.
