Home Business Is the stock market open on Black Friday? Thanksgiving week trading hours for major assets.

Is the stock market open on Black Friday? Thanksgiving week trading hours for major assets.

by News Desk
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It’s been a short week on Wall Street.

US stock exchange We will be closed for Thanksgiving On Thursday, November 24th, trading will resume the following day only for a shortened Black Friday session, which ends at 1:00 PM on November 25th.

The roughly $53 billion U.S. bond market will follow a similar Thanksgiving schedule this year, Black Friday closes an hour later at 2pm.

It has been a tough year for financial markets, with major equity benchmarks and most fixed income categories producing negative returns. On behalf of the fixed income markets, iShares Core US Aggregate Bond ETF AGG,
It’s down about 15% year-to-date, according to FactSet. This compares to the SPX of the S&P 500 index,
17% drop in 2022. Dow Jones Industrial Average DJIA,
is off more than 7% year-to-date.

The U.S. economy already fully reopened on Thanksgiving last year with the help of a coronavirus vaccine and boosters, but high inflation this year has pushed drivers to pump record gas prices while they travel. It means that you may faceNational average price of regular gasoline was expected to reach $3.68 Thanksgiving Gallon.

look: Thanks to inflation: Thanksgiving dinners are 20% more expensive this year as prices for most ingredients have skyrocketed

The good news for next year is that interest rates have finally peaked and may help stabilize markets. Benchmark his 10-year Treasury yield TMUBMUSD10Y,
It is nearing 3.8% this week, up from a low of 1.3% in December, according to Dow Jones Market Data. Rising interest rates are intended to push up borrowing costs for households and businesses, slowing demand and the economy.

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