is an increase of 16% from a year ago.
Investors are optimistic about the hope of returning to normalcy in the coming months as states roll out Covid-19 vaccinations. So far, traders in the United States are getting a little free for President’s Day.
The federal holiday, which dates back to 1885 and was created to recognize George Washington, takes place on the third Monday in February. It has since been expanded to celebrate all US presidents. Government offices are closed today, and they are a holiday. The US Postal Service will not deliver mail on President’s Day.
Is the stock market open on President’s Day 2021?
The New York Stock Exchange and Nasdaq are closed on Monday, February 15th. The US bond markets and over-the-counter markets will also be closed for the day. Both U.S. exchanges are back open Tuesday at 7 p.m. 9:30
Are international markets closed on President’s Day 2021?
The Shanghai Stock Exchange is closed until Wednesday local time. It’s because of the moon’s new year, not president’s day. The Hong Kong Stock Exchange is closed on Monday the fourth day of the lunar New Year. The Toronto Stock Exchange is closed on February 15 for Family Day in Canada.
The London Stock Exchange and Tokyo Stock Exchange will be open during normal trading hours on Monday.
What about the rest of the week?
Some American schools are closed all week on President’s Day for holidays. Traders may seem to be doing the same.
Going back to February 1971, the S&P 500 index averaged a 0.1% drop Tuesday after Presidential Day, according to Dow Jones Market Data. The average performance during the week on President’s Day is a decrease of 0.05%, with the index rising in half of the 50 weeks.
Write to Connor Smith at connor.s[email protected]