Is the inventory market open on Christmas Eve? Vacation and New Yr’s buying and selling hours
Wall Street looks forward to happy holidays and farewell to a pandemic-stricken 2020, as well as a welcome to a new year. The last two weeks of December are shortened sessions.
On Thursday, the New York Stock Exchange and Nasdaq will stop trading at 1:00 p.m. Eastern Time (and 1:15 p.m. on some options contracts), while the Securities Industry and Financial Markets Association recommends a 2:00 p.m. close for trading in bonds, including 10:00 a.m. Yearly Treasury Note TMUBMUSD10Y, 0.923%.
In the raw material complex, the energy and metal markets will close about an hour earlier. Metals trading, including gold futures GOLD, -2.17% on Comex, ends at 12:30 p.m. and West Texas Intermediate crude oil trading on the New York Mercantile Exchange CLG21 is said to be + 0.06% at 1:30 p.m. Clock to be completed
The UK market with the FTSE 100 UKX, which fell -0.07% on the day by 0.5%, closes on Thursday at 12:30 pm local time and closes on December 26th during Boxing Day. Boxing Day is celebrated in the UK and other British Commonwealth countries including Australia, Canada and New Zealand.
The US stock markets, energy and gold futures will be open for the entire trading day on New Year’s Eve, while Sifma recommends closing at 2 p.m. for the bond market.
Most global financial markets will close on New Years Day on Friday, January 1, 2021.
Equity markets are aiming to close December and 2020 at a high level after a historic year that will go down in market annals. The Dow Jones Industrial Average DJIA (-0.67%) should close the month 2%, up 5.9% year-to-date. The S&P 500 Index SPX (-0.21%) posted a 2% gain in December and an annual return of over 14%, while the Nasdaq Composite Index COMP + 0.51% on its way to a rally of 4 .5% for the month and nearly 42% year-to-date.