Stock Market Live November 28: S&P 500 (VOO) Rises on Black Friday Despite Trading Glitch

By Joel South Updated Nov 28, 11:04AM EST · Published Nov 28, 8:59AM EST

Quick Read

A chiller plant failure halted trading on the Chicago Mercantile Exchange Friday this morning.
Trading has resumed as of a little after 8:30 a.m. ET.

Live Updates

Optimistic About Autodesk

Nov 28, 2025 at 11:04 AM EST

UBS analyst Taylor McGinnis raised his price target on Autodesk (Nasdaq: ADSK | ADSK Price Prediction) to $400 after the CAD software specialist beat earnings before the holiday break.

“ADSK once again showed consistent execution — crucial for a ‘show me’ story where stability is needed to win over those investors watching from the sidelines,” writes McGinnis. “ADSK isn’t yet guiding to FY27, but we were encouraged by indications that billings growth is expected to remain elevated in 1QF27 and converge with underlying revs growth over time.”

Autodesk stock is up a modest 0.6% on the report. The Voo is now up 0.4%.

Black Friday Retail Check-in

Nov 28, 2025 at 9:53 AM EST

Black Friday is here, and investors seem optimistic it will be a good one for many retailers. Here’s how a handful of some of the biggest retailers are faring this morning:

Costco (Nasdaq: COST) stock is up 0.1%.
So is Macy’s (NYSE: M) — up 0.1%
Walmart (NYSE: WMT) is gaining 0.7%.
Target (NYSE: TGT) is leading the pack higher with a 1.4% gain.

Best Buy (NYSE: BBY), however, which gained on Wednesday, is down 2% today. The Voo is weakening slightly, but still up 0.2%.

Bud Goes Flat

Nov 28, 2025 at 9:14 AM EST

In further analyst action this post-holiday morning, Deutsche Bank downgraded Anheuser-Busch InBev (NYSE: BUD) to hold with a price target of EUR59.00 this morning. In dollar terms that’s $68.26.

Focusing on the European market, Deutsche said it sees “clear valuation opportunities” despite “structural headwinds” in certain beverage companies — but Anheuser-Busch isn’t one of them. The stock is down a modest 0.4% this morning in response.

This article will be updated throughout the day, so check back often for more daily updates.

Futures trading was suspended on the Chicago Mercantile Exchange Friday morning after the exchange said “a cooling issue at CyrusOne data centers” in Chicago forced a halt to trading. “Globex futures and options markets, foreign exchange platform EBS markets and BMD markets were all impacted,” reports CNBC.

When you hear about a “data center” going offline, the natural conclusion to jump to in the current climate is to think a lack of power was the issue — that we need to build more nuclear power plants to keep all these new data centers running.

But this is not the case (at least not this time). CME Group (Nasdaq: CME), parent company to the Chicago Merc, said the suspension happened because: “On November 27, our CHI1 facility experienced a chiller plant failure affecting multiple cooling units.” The good news is that the company was able to restart “several chillers at limited capacity,” bring in “temporary cooling equipment to supplement our permanent systems,” and as a result, trading appeared to return to normal around 8:30 a.m. ET this morning.

Despite the hiccup, the Vanguard S&P 500 ETF (NYSEMKT: VOO) is trading up 0.3% premarket Friday.

Trading will shut down again early — as planned this time — at 1 p.m. ET today on Black Friday.

Earnings

Companies are taking a break from reporting earnings today, probably still recovering from the Thanksgiving meal. A handful of mostly smaller stocks are planning to report after close of trading however. Space company Spire Global (NYSE: SPIR) for example, which operates a small constellation of maritime and weather tracking satellites, will report this evening.

Analysts are hoping to see Spire’s losses slim to $0.33 per share, but revenue is also expected to decline 26% to $21.2 million.

Analyst calls

In other space news, JPMorgan analyst Akhil Dattani upgraded satellite operator Eutelsat Communications SA (OTC: EUTLF) to neutral with a EUR1.90 price target. The stock is down 80% since JPMorgan last commented on it, downgrading to underweight in 2022. Despite continued worries about earnings power, Dattani thinks there’s not a whole lot of downside left.

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About the Author Joel South →

Joel South covers large-cap stocks, dividend investing, and major market trends, with a focus on earnings analysis, valuation, and turning complex data into actionable insights for investors.

He brings more than 15 years of experience as an investor and financial journalist, including 12 years at The Motley Fool, where he served as an investment analyst, Bureau Chief, and later led the Fool.com investing news desk. He has also co-hosted an investing podcast and appeared across TV and radio discussing market trends.