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Financials
Title: US Stock Market Today: S&P 500, Nasdaq, and Dow Brace for Black Friday as Wall Street’s Fear Gauge Hits Record High
As the US stock market approaches Black Friday trading, investors are keeping a close eye on volatility indicators and market sentiment amid ongoing economic uncertainties. The S&P 500, Nasdaq Composite, and Dow Jones Industrial Average are navigating a complex landscape shaped by recent market downturns and a spike in Wall Street’s fear gauge, the CBOE Volatility Index (VIX), which has surged to record highs not seen since the 2020 market crash.
The VIX, commonly known as Wall Street’s fear gauge, measures expected volatility in the S&P 500 over the next 30 days. Recently, the VIX has climbed sharply, reflecting growing investor anxiety amid a deteriorating market environment. The index’s latest close is at a historic high, indicating heightened uncertainty and risk aversion among traders and institutional investors alike. This surge in volatility coincides with a continuing sell-off in major indices, precipitated by geopolitical tensions, trade interruptions, and economic policy concerns [4].
Black Friday, observed as the day after Thanksgiving, is traditionally a lighter trading day but not without significance. In 2025, both the New York Stock Exchange (NYSE) and Nasdaq will operate on a shortened schedule, closing early at 1:00 p.m. Eastern Time. This early close is consistent with prior years and is designed to accommodate holiday-season trading dynamics and lower market volumes [1][2][3].
| Exchange | Opening Time | Closing Time (Nov 28, 2025) | |----------|--------------|-----------------------------| | NYSE | 9:30 a.m. ET | 1:00 p.m. ET | | Nasdaq | 9:30 a.m. ET | 1:00 p.m. ET |
The truncated trading session often sees lighter liquidity, which can exacerbate volatility. Investors and traders should be prepared for potentially sharper price movements during the abbreviated hours.
Earlier in 2025, the US stock market suffered a significant crash triggered by elevated trade tensions and widespread tariff implementations. The Dow Jones lost over 4,000 points within 48 hours, and the S&P 500 and Nasdaq Composite plunged into bear market territory. This unprecedented sell-off led to a surge in implied volatility, with the VIX spiking to levels comparable to the pandemic-induced market turmoil in 2020. The resulting market environment has since been characterized by heightened uncertainty and defensive trading strategies [4].
As the US stock market braces for Black Friday, major indices such as the S&P 500, Nasdaq, and Dow continue to face turbulence marked by a record high in the VIX fear gauge. Investors should note the early market closure at 1:00 p.m. ET on November 28, 2025, and expect lower liquidity paired with persistent volatility. The current climate remains fragile, reflecting residual effects from the 2025 market crash and ongoing geopolitical and economic challenges.
Staying informed about market hours, volatility trends, and economic developments is vital for traders and investors aiming to navigate this uncertain period effectively.
The US stock market’s early close on Black Friday 2025 and the record-high fear gauge highlight the cautious mood sweeping Wall Street as holiday trading begins under the shadow of recent market turbulence.