It’s the Christmas season again! Are you happy and feeling festive? We are glad to hear so. Let’s take a look at when and how you can trade during the holiday season if you prefer spending the days staring at charts anyway.
Defining market holidays
A market holiday is any non-weekend day on which the New York Stock Exchange, Nasdaq, and bond markets are closed. Typically, this event resembles Thanksgiving or Christmas.
On some holidays or days close to them, the stock markets are open, while the bond markets are closed or close early in the day. In 2018, the New York Stock Exchange and Nasdaq were closed for national days of mourning in honor of the late president George H.W. Bush.
If a certain holiday falls on a Saturday, the Friday preceding it is normally a stock market holiday. Likewise, if the holiday falls on a Sunday, markets are usually closed the following Monday.
Another interesting topic: Have no fear, Christmas is here!
In 2021, Congress agreed to make Juneteenth, the June 19th holiday honoring the abolition of slavery, the twelfth federal holiday. President Joe Biden’s signature on the legislation established Juneteenth as the first new federal holiday since 1983’s Martin Luther King Jr. Day. As Juneteenth happened on a Sunday in 2022, the markets were closed on Monday, June 20th, in honor of the holiday.
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