Newsquawk Thanksgiving Market Wrap: Stocks close green on month-end after earlier CME outage

Market Summary: Stocks were bid throughout the shortened holiday day of trade, with equity futures modestly higher from levels seen before the CME outage this morning. Gains were broad-based, with the vast majority of sectors closing green. Healthcare was red, pressured by Eli Lilly's (LLY) weakness following the November rally. T-notes were lower across the curve as stocks moved higher, with little macro information to digest on account of Thanksgiving on Thursday. Vols were also light today due to the shortened trading day, so price action should not be over-interpreted. In FX, the Dollar was marginally lower, but GBP lagged while CAD outperformed. CAD strength tracked gains in oil prices, but a much stronger-than-expected GDP report gave the CAD a further boost. EUR was flat vs the buck amid mixed European inflation metrics, with Germany and Spain metrics leaning hotter than expected, while French inflation was softer. Oil prices were firmer with focus remaining on Russia/Ukraine peace prospects. Upside extended in the wake of reports that US President Trump is to recognise occupied Ukraine as part of Russia, according to an offer set to be delivered to Russian President Putin by Special Envoy Witkoff and Kushner. Precious metals surged, with Silver rallying over 5% to hit a fresh record high of USD 56.41/oz while gold reclaimed USD 4,200/oz.

Closing Levels

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  US Indices: SPX +0.54% at 6,849, NDX +0.78% at 25,435, DJI +0.61% at 47,716, RUT +0.58% at 2,500


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  US Sectors: Energy +1.32%, Consumer Discretionary +0.90%, Communication Services +0.73%, Utilities +0.72%, Financials +0.71%, Industrials +0.57%, Consumer Staples +0.56%, Technology +0.52%, Materials +0.51%, Real Estate +0.40%, Health -0.50%


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  European Indices: Euro Stoxx 50 +0.35% at 5,673, Dax 40 +0.25% at 23,828, FTSE 100 +0.27% at 9,721, CAC 40 +0.29% at 8,123, FTSE MIB +0.32% at 43,357, IBEX 35 +0.06% at 16,372, PSI -0.14% at 8,111, SMI +0.15% at 12,851, AEX +0.38% at 943


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  Treasury Settlement: T-Note Futures (H6) Settle 7+ Ticks Lower at 113-11

28 Nov 2025 - 18:02- EquitiesGeopolitical- Source: Newsquawk