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The New York Inventory Trade and Nasdaq are closed on Presidents Day 2021.
Spencer Platt/Getty Photos
Practically a 12 months in the past, the Covid-19 pandemic had simply begun rocking U.S. equities. Nonetheless, the prospect of a 12 months of shutdowns within the U.S. appeared far fetched on the time. And but, the
S&P 500 index
is up 16% from one 12 months in the past.
Traders are optimistic in regards to the hopes of a return to normalcy within the coming months as states roll out Covid-19 vaccinations. For now, merchants within the U.S. will get a while off for Presidents Day.
The federal vacation, which dates again to 1885 and was established to acknowledge George Washington, happens on the third Monday of February. It has since expanded to have a good time all U.S. presidents. Authorities workplaces are closed immediately and it’s a financial institution vacation. The U.S. Postal Service is not going to ship mail on Presidents Day.
Is the inventory market open on Presidents Day 2021?
The New York Inventory Trade and Nasdaq are closed on Monday, Feb. 15. U.S. bond markets and over-the-counter markets may also be closed for the day. Each senior U.S. exchanges shall be again open on Tuesday at 9:30 a.m.
Are worldwide markets closed on Presidents Day 2021?
The Shanghai Inventory Trade is closed by Wednesday, native time. That’s due to Lunar New 12 months, not Presidents Day. The Hong Kong inventory alternate is closed on Monday for the fourth day of the Lunar New 12 months. The Toronto Inventory Trade is closed on Feb. 15 for Household Day in Canada.
The London Inventory Trade and Tokyo Inventory Trade shall be open at regular buying and selling hours on Monday.
What about the remainder of the week?
Some U.S. colleges are closed the entire week of Presidents Day for trip. Merchants may look to do the identical.
Going again to February 1971, the S&P 500 index has averaged a decline of 0.1% on the Tuesday following Presidents Day, in keeping with Dow Jones Market Knowledge. The common efficiency in the course of the week of Presidents Day is a lower of 0.05%, with the index rising in half of the 50 weeks.
Write to Connor Smith at connor.smith@barrons.com