On Thursday, November 27, US stock markets were closed for the Thanksgiving holiday. CME Group Inc's precious metals and WTI crude oil futures trading concluded early at 03:30 Beijing time on November 28, while equity index futures trading ended at 02:00 Beijing time. Intercontinental Exchange's Brent crude oil futures trading closed early at 02:30 Beijing time on November 28. CME Group Inc's US bond market was also closed for the day.
Friday, November 28, the day after Thanksgiving, saw US stock markets close three hours early, ending at 02:00 Beijing time the following day. CME Group Inc's US Treasury futures trading concluded early at 03:30 Beijing time, while precious metals, US crude oil, and forex futures trading ended at 03:45. Equity index futures trading closed at 02:15 Beijing time. Intercontinental Exchange's Brent crude oil futures trading wrapped up early at 04:00 Beijing time on November 29.
Thanksgiving is a public holiday celebrated in both the US and Canada, though on different dates. Originally established to express gratitude for a good harvest or fortune, the US observes it on the fourth Thursday of November since 1941. Similar to China's Spring Festival, many Americans prioritize family reunions on this day. Canada's Thanksgiving, dating back to 1879, falls on the second Monday of October, coinciding with the US Columbus Day.
The Friday after Thanksgiving, known as "Black Friday," has become a tradition for US markets to close three hours early. This day typically marks the start of the year-end shopping season, serving as a key indicator for retail performance during the critical Christmas sales period. It is one of the busiest and most important days for businesses annually.