U.S. Futures, Global Markets Mixed
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Oil futures reversed course late in the session to end down in low-volume Black Friday trade.
Global futures markets were disrupted for several hours on Friday after CME Group, the world's largest exchange operator, suffered one of its longest outages in years, halting trading across stocks, bonds,
Silver futures touched the highest intraday level on record Friday, according to Dow Jones Market Data. Strategists who shared commentary with MarketWatch said rising expectations for another Fed rate cut next month have helped push precious metals prices higher.
A data center fault has halted trading of futures and options on the Chicago Mercantile Exchange, triggering widespread frustration.
"BrokerTec EU markets are open and trading. All other CME Group markets remain halted due to a data center cooling issue at CyrusOne," CME told Fortune.
Maryland officials have rejected an appeal from DMV Futures, Inc., upholding a cease-and-desist order that requires the organization and its leaders to stop all charitable fundraising in the state.
Gold futures climbed Friday to their fifth consecutive daily gain to close at a more-than-two-week high, and silver surged to a new record, topping a peak set during last month's squeeze in the London market.
Stock futures pointed slightly higher before a tech outage halted trading on Black Friday, with major indexes poised to record their best week since June. Stock and bond markets will close early today.