Stock market traders and investors in the United States will face a holiday-shortened week. In 2023, the US stock market holiday list shows that there will be ten non-trading days and two half-day holidays for the market. Does the US stock market holiday list includes Thanksgiving and will the market open on November 23?
No, the will be closed on Thursday, November 23 on account of the Thanksgiving holiday. Since the bond markets are also closed on Thanksgiving, bond traders will also have the day off.Hyderabad Stocks
Bond traders don’t have any early hours before Thanksgiving because Wednesday, November 22, is a regular trading day. However, the day after Thanksgiving is not a full trading dayUdabur Wealth Management. On Friday, November 24, the stock and bond markets will both close early at 1 pm (1:15 p.m. for eligible options) and 2 pm Eastern time, respectively.
Some federal holidays are observed in the United States, which means that all non-essential federal government offices, including federal banks and post offices, are closed.
Thanksgiving is a federal holiday in the United States, which means that all non-essential federal government offices, including federal banks and post offices, will be closed.
Thanksgiving is also a bank holiday, according to the United States Federal Reserve, so commercial banks and other financial institutions will most likely be closed or operate on reduced hours.
The holiday mood amongst traders could affect volume from Wednesday to Friday because many large corporations close early on Wednesday and give the Friday after Thanksgiving (Black Friday) off for shopping.
According to the FOMC meeting minutes released yesterday, the US Fed’s hawkish pause may last a few months. Jeffrey Roach, Chief Economist for LPL Financial says, “Markets showed little reaction since the minutes did not contain any major surprises. The Fed will keep talking tough on inflation as they patiently wait for the full effects of previous rate hikes.”
Markets should expect Powell and other committee members to maintain their hawkish tone, but this does not necessarily imply that the Fed will raise interest rates further. Markets anticipate a rate cut by the middle of 2024.
“With 21 days until the Fed’s next Fed meeting, the FOMC will have a host of inflation-related data to assimilate while the market can similarly decide if it misinterpreted the data-dependent Fed’s message”, says Quincy Krosby, Chief Global Strategist for LPL Financial
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