The US stock market will be closed tomorrow, November 23, 2023, in honor of Thanksgiving. The next day, November 24, the markets will be open, but will close at 1:00 p.m. in honor of Black Friday.
Track all the stock market holidays with TipRanks Holiday calendar on the Stock Exchange.
Will the holiday effect affect the markets this week?
Understanding how the stock market could be affected by the holiday season will help you invest well and beat the markets. Investors sometimes refer to pre-holiday market aberrations as the "holiday impact.โ This is because the penultimate trading day before a long weekend or scheduled holiday is when the stock market typically rises.
The impact of the holidays is linked to overall investor optimism and confidence. The fact that customers tend to spend more money during holidays is another essential explanation for the market's rise. As a result, the stock prices of retailers, in particular, may rise.
Another reason for the impact of the holidays is that many traders and market analysts take time off during the holidays to relax from their usual trading and research schedules. Those investors view the holidays as a time to relax and refresh. On the other hand, some traders see the season as an opportunity to work harder and gain some tactical advantages in the market, perhaps taking advantage of the period when many other traders take vacations.
Understanding the impact of the holidays will help you invest wisely during them, regardless of how other investors react to the holidays.
Watch this space to find out the effect of Thanksgiving before and after the holiday on the stock market. And remember to always use Suggestion classifications to stay up to date on your stock research.
