Fresh off Thanksgiving, many Americans may be looking for deals on Black Friday, with investors likely planning to trade US exchanges. Here’s what you need to know before trying to make changes to your portfolio.
Is the stock market closed on Black Friday?
No, the New York Stock Exchange and the Nasdaq are open on Black Friday. But you’ll need to have your trades early as both close at 1pm Eastern.
US bond markets and US over-the-counter markets close at 2 p.m.
Are foreign exchanges open on Black Friday?
The Toronto Stock Exchange, the Frankfurt Stock Exchange, the London Stock Exchange and the Shanghai Stock Exchange are all open on Black Friday.
How did the stock market perform on Black Friday before?
From 2001 to 2020, the performance of the S&P 500 on Black Friday was mixed, finishing only half the time. The index gained more than 1% on three Black Fridays – in 2001, 2007 and 2012 – while falling 1.7% during the 2009 retail holiday.
What does Black Friday mean for retailers?
Investors were optimistic ahead of the holiday season. Many retailers have had to learn how to harness the pandemic for their brick-and-mortar stores — and they’ve seen more brick-and-mortar stores.
Last week, retail giant
(ticker: WMT) reported third-quarter earnings and sales that exceeded Wall Street estimates, and the company raised its expectations for the fiscal year. Home Depot (HD) also reported third quarter results that beat earnings expectations, thanks to continued interest in home improvement amid a strong housing market.
Retail stocks have largely outperformed this year so far: the SPDR S&P Retail exchange-traded fund (XRT) is up about 60%, while the S&P 500 is up about 25%. The Invesco S&P 500 Equal Weight Consumer Discretionary ETF (RCD), which is weighted evenly so that price movements are not influenced too much by a particular stock, has increased by about 30%.
Is the exchange open on Cyber Monday?
Yes. The New York Stock Exchange and Nasdaq will return to normal trading hours, opening Nov. 29 at 9:30 a.m. Easter, aka Cyber Monday, when many retailers plan to offer special discounts online.
US bond markets and US over-the-counter markets will also resume normal business hours.
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