U.S. stock futures halted trading on Friday amid a data center glitch, after Wednesday’s advances. However, the benchmark index tracking ETFs were trading higher.
The Chicago Mercantile Exchange (CME) halted trading on Friday due to a data center glitch. It also impacted trade in US Treasuries and US crude oil.
After the stocks gained for the fourth straight session ahead of the Thanksgiving holiday on Thursday, the markets will be open till 1:00 p.m. ET on Black Friday.
President Donald Trump suggested utilizing tariff revenues to provide relief for low and middle-income taxpayers. During a Thanksgiving video call with service members, he stated that “over the next couple of years,” the U.S. will be “substantially” cutting or even “completely” eliminating the federal income tax.
The SPDR S&P 500 ETF Trust (NYSE:SPY) and Invesco QQQ Trust ETF (NASDAQ:QQQ), which track the S&P 500 index and Nasdaq 100 index, respectively, were higher in premarket on Friday. The SPY was up 0.30% at $681.70, while the QQQ advanced 0.42% to $616.85, according to Benzinga Pro data.
Stocks In Focus
Tilray Brands
Tilray Brands Inc. (NASDAQ:TLRY) tumbled 14.93% in premarket on Friday after it announced a 1-for-10 reverse stock split.
Benzinga’s Edge Stock Rankings indicate that TLRY maintains a weaker price trend over the short, medium, and long terms, with a poor growth ranking. Additional performance details are available here.
Direct Digital
Direct Digital Holdings Inc. (NASDAQ:DRCT) dropped 12.06% after it filed a Form 8-K with the Securities and Exchange Commission (SEC) on Wednesday, revealing it reached a settlement agreement last week with Continuation Capital Inc. Under the …
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