U.S. financial markets are closed for Thanksgiving on Thursday and closed early on Black Friday.
Black Friday, November 26, is the official start of the holiday shopping season, with many retailers – including Messi’s Inc. M,
And Walmart WMT,
– Bargain offer for those looking for holiday gifts.
ICE, Intercontinental Exchange Inc.
– New York Stock Exchange and Nasdaq NDAQ, owned by
The Eastern will close at 1 a.m. Friday, when the Securities Industry and Financial Markets Association recommends a 2 pm Eastern close for the Treasury market, as the 10-year Treasury trades TMUBMUSD10Y.
However, there is no immediate market closure on Wednesday, the day before Thanksgiving in the United States.
The major US exchange operators – NYSE, American Stock Exchange and Nasdaq – initially called for a 2 pm shutdown for Friday after Thanksgiving in 1992, two hours before the usual 4 pm closing hour. But the following year, the exchanges chose the shutter market at 1 a.m., three hours earlier
Overall, trading activity on Wednesdays and Fridays before Thanksgiving is usually a fraction of normal, non-holiday trading time. According to the US Department of Transportation, Thanksgiving is usually the busiest day of the year, which means a lack of space around the holidays.
On Black Friday, metals such as Gold GC00,
12:30 pm East, and US crude oil will settle at CL.1,
Will settle at 1:30 pm
So, how does the market keep trending during this holiday season? People at Bespoke Investment Group say that stock markets, such as the S&P 500 Index SPX,
Has done fairly well. However, some strategists are predicting some degree of volatility that could hit the Nasdaq Composite Comp,
The blue-chip Dow Jones Industrial Average is out of DJIA’s record and deepens the recession,