This Thanksgiving is sure to be unlike any other in recent years. Amid rising Covid-19 cases across the country, health officials have warned against air travel and large gatherings for the holiday. And yet, the
Dow Jones Industrial Average
recently closed above 30,000 for the first time. That doesn’t mean traders won’t take a well-earned day off.
Is the Stock Market Closed on Thanksgiving and Black Friday?
The New York Stock Exchange and Nasdaq will be closed on Thanksgiving. That’s the same for U.S. bond markets and U.S. OTC Markets. On Black Friday, the NYSE and Nasdaq will close early at 1 p.m., followed by U.S. OTC Markets at 2 p.m. That will give time to scoop up some of the online deals retailers will be offering, with several major stores staying closed on Thanksgiving.
Are Foreign Stock Exchanges Open on Thanksgiving and Black Friday?
There is no day off for the U.S. Thanksgiving holiday, nor Black Friday for the Toronto Stock Exchange, the Frankfurt Stock Exchange, the
London Stock Exchange,
and the Shanghai Stock Exchange. The Toronto exchange was closed Oct. 12 for Thanksgiving Day in Canada.
Can I Take Black Friday Off Anyway?
Trading activity is generally slow on Black Friday. The average daily
volume on Black Fridays has been about 39.7% of the usual average daily volume since 2008, according to Dow Jones Market Data. Likewise, volume on the NYSE Composite on the shopping holiday was generally about 44.4% of the average daily volume since 2008. The
index has averaged a move of about 0.6% on Black Fridays since 1995.
How Has the Market Performed In the Weeks Following Thanksgiving?
For those who plan to take Friday off and are looking ahead, the S&P 500 has averaged a gain of 1.2% from Black Friday’s close to the end of the year. The index gained about 2.9% from the close on Black Friday through the end of 2019. Of course, the pandemic means the market could react quite differently this year.
Write to Connor Smith at [email protected]