Stocks rise on low volume day, erasing November losses

After yesterday's holiday, Black Friday was off to an unusual start when an outage at CME, the world's biggest exchange operator, hit a number of major markets, halting trading in FX markets as well as affecting futures contracts on stocks, Treasurys, and commodities.

Your Evening Briefing November 28, 2025 Stocks rise on low volume day, erasing November losses After yesterday's holiday, Black Friday was off to an unusual start when an outage at CME, the world's biggest exchange operator, hit a number of major markets, halting trading in FX markets as well as affecting futures contracts on stocks, Treasurys, and commodities. CME Group cited a "cooling issue at CyrusOne data centers." Operations were fully resolved by 8:30 a.m. ET. All major US indexes closed higher today amid thin trading volume. The S&P 500 and Russell 2000 ended essentially flat for the month of November, while the Nasdaq 100 dipped 1.6% for the month. Stocks that moved higher: Bitcoin mounted a morning comeback that ultimately reversed, though companies with large corporate bitcoin treasuries, like Riot and MARA Holdings, rose. GameStop ticked up as hedge fund manager turned Substacker Michael Burry published nostalgic tweets from his time spent betting on the success of the video game and collectibles retailer ahead of its ascendance to meme stock status. Stocks that moved lower: Tilray tumbled after announcing the implementation of a reverse stock split plan. Eli Lilly, today's worst-performing stock in the S&P 500, dragged down healthcare, which was the only sector to close in the red today. Hollister is the hottest thing in Abercrombie & Fitch's wardrobe again A new Y2K Taco Bell collaboration could spice things up further. Read more. US officials want to bring back the "Golden Age of Travel" — and that starts with ditching pajamas at the airport Views on what makes for acceptable plane wear vary by generation. Read more. OpenAI's ambitious plans for global AI infrastructure projects — like its series of massive Stargate AI data centers — will require tens of billions of dollars funded by debt, but you won't find much of that on OpenAI's balance sheet. According to a new analysis by the Financial Times, OpenAI has somehow convinced its many partners to shoulder at least $100 billion in debt on its behalf, as well as the risks that come with it. Read more.  Chinese tech giants are training their models offshore to sidestep US curbs on Nvidia's chips Access to Nvidia's chips remains a key sticking point for US-China trade relations. European regulators will examine if Apple's maps and ads businesses require stricter oversight The European Commission's Digital Markets Act considers online platforms that reach a certain size "gatekeepers," triggering stricter regulatory oversight. Apple says Apple Maps and Apple Ads now meet this threshold, but argued against further regulation. WSJ: Anduril's weapons systems have failed during several tests The defense tech startup has pitched a sci-fi vision of autonomous weapons systems, but the company has suffered several major setbacks in real-world military exercises. Alibaba unveils its first AI glasses, taking on Meta directly in the wearables race The new Quark AI glasses went on sale in China for $500 on Thursday. Was this email forwarded to you? Don't miss out on future stories — subscribe to The Wrap and get your daily dose of financial news straight to your inbox.  Craving more insights in your inbox? Subscribe to Chartr and Snacks for quality reads. We care what you think! If you have any feedback or comments, feel free to reply and let us know your thoughts!  Sherwood Media, LLC produces fresh and unique perspectives on topical financial news and is a fully owned subsidiary of Robinhood Markets, Inc., and any views expressed here do not necessarily reflect the views of any other Robinhood affiliate... See more Sherwood Terms and Conditions Our Editorial Standards Contact Us Advertise With Us Unsubscribe Privacy Policy SHERWOOD MEDIA, LLC, 85 Willow Road, Menlo Park, CA 94025