"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."
"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."
CME Group suspended futures trading after a cooling issue at a CyrusOne Chicago data center caused a chiller plant failure at its CHI1 facility, affecting multiple cooling units. Globex futures and options markets, foreign exchange platform EBS, and BMD markets were impacted. Several chillers were restarted at limited capacity and temporary cooling equipment was deployed, enabling trading to resume around 8:30 a.m. ET. The Vanguard S&P 500 ETF traded up 0.3% premarket. Trading will close early at 1 p.m. ET for Black Friday as planned. Spire Global will report after the close with analysts expecting a $0.33 loss per share and revenue near $21.2 million.
Read at 24/7 Wall St.
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