US Equity Markets Close Higher During Thanksgiving Week as Interest Rate Cut Expectations Remain Strong

01:52 PM EST, 11/28/2025 (MT Newswires) -- US equity indexes closed higher Friday despite a losing month amid broad market gains during the Thanksgiving week, as expectations for a Federal Reserve interest rate cut in December remained strong.

* The likelihood of a 25-basis-point interest rate cut in December rose to 87% from 83.4% on Wednesday, according to the CME FedWatch Tool.

* The Chicago Mercantile Exchange resumed operations following an outage due to a server cooling problem that disrupted futures trading of various asset classes, including equities, on Friday.

* January West Texas Intermediate crude oil rose $0.86 to settle at $56.52 per barrel, while January Brent crude, the global benchmark, was last seen up $0.07 to $63.41.

* Pasithea Therapeutics (KTTA) said Friday it priced a public offering of 80 million shares or pre-funded warrants at $0.75 each for expected gross proceeds of about $60 million, and the stock was up roughly 39%.

* Tilray Brands' (TLRY) shares dropped nearly 21% after the company said late Wednesday that it will implement a 1-for-10 reverse stock split, with its shares to begin trading on a split-adjusted basis on Dec. 2.

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