Celebrating Veterans Day 2020 in the United States of America? know why Veterans Day originated as “Armistice Day”, Why do we have a Veterans Day?

Tuesday, 10 November 2020

Is Stock Market Open On Veterans Day 2020

2020 Stock Market Closing Calendar by Holidays

  • New Years Day:  Wednesday, January 1
  • Martin Luther King Jr.Day:  Monday, January 20
  • Presidents' Day:  Monday, February 17
  • Good Friday:  Friday, April 10
  • Memorial Day:  Monday, May 25
  • Independence Day:  Friday, July 3 (observed, because July 4 falls Saturday)
  • Labor Day:  Monday, September 7
  • Thanksgiving Day:  Thursday, November 26
  • Christmas Day:  Friday, December 25

Is Stock Market Open On Veterans Day 2020

Is Stock Market Open On Veterans Day 2020

Stock markets take two additional partial holidays each year; They close early the day after Thanksgiving (Black Friday) and on Christmas Eve. On those days, the main trading session occurs from 9:30 a.m. to 1 p.m., instead of the regular 9:30 a.m. to 4 p.m.

When a holiday falls on a Saturday, the NYSE and Nasdaq close the Friday before. Holidays that fall on Sunday are observed on the following Monday.

Bank and bond market holidays are different

Bond buyers follow a broader holiday schedule under guidelines set by the Securities and Financial Markets Industry Association (SIFMA), a trade group representing securities firms, banks, and asset management companies.

Bond markets close on the same nine days that stock markets close, plus Columbus Day and Veterans Day, so they won't open on November 11.

The bond markets also close early (at 2 p.m.) on six occasions: the Thursday before Good Friday, the Friday before Remembrance Day, the day before Independence Day is observed, Black Friday, Christmas and New Years Eve.

The stock market calendar is also different from the Federal Reserve holiday calendar that most banks follow. Like the bond markets, the Federal Reserve holiday calendar observes Veterans Day, but it does not take Good Friday off and has no officially scheduled early closing days.

Stock markets don't rest for long

Except in rare circumstances, three-day holiday weekends are the longest period the stock market closes . Markets have closed for more than three days just a couple of times in the last century, most recently during Superstorm Sandy in 2012 and after the September 11 attacks in 2001.

The three-day limit is not an official policy, but rather a general rule of thumb that prevents "investor distress" from building up over an extended closing period. It also prevents volatility when the market reopens, says Sam Stovall, chief investment strategist at CFRA, an investment research firm.

"There's an old saying that rising markets take the escalator and falling markets take the elevator," says Stovall. "Since fear is a better motivator than greed, I think investors don't want to be denied access to their money for too long. Otherwise, they end up withdrawing their money, especially if an unsettling event occurred while the market It was closed".

Share:
Location: Virginia, USA

0 comments:

Post a comment

Copyright © Happy Veterans Day 2020 | Veterans Day In The United States | best folding wagons reviews | best record players under 300 dollars