It’s finally time for investors to put away their trading apps, pour a glass of eggnog, and rip open the gifts Santa Claus left under the tree: Christmas is here.
After a jolly year of trading, investors have a lot to celebrate. The
Dow Jones Industrial Average
has gained 13% this year, while the
S&P 500
has risen 24% and the
Nasdaq Composite
has jumped 43%.
Here are the trading hours for Dec. 25, 2023.
Is the Stock Market Open on Christmas?
The New York Stock Exchange and the
Nasdaq Stock Market
will both be closed on Monday in observance on Christmas, which is a federal holiday. Banks, the bond market, and the over-the-counter market will be shut, too.
Regular trading hours will resume on Tuesday.
Are International Markets Open Today?
Christmas is one of the few holidays that is recognized in many parts of the world. The
London Stock Exchange,
the Euronext Paris, the Stock Exchange of Hong Kong, the Toronto Stock Exchange, and the Milan Stock Exchange are among the foreign exchanges that are closed in observance.
However, the Shanghai Stock Exchange and the Tokyo Stock Exchange will be open on Christmas Day.
How Does the Market Usually Perform After Christmas?
According to Dow Jones Market Data, the S&P 500 has gained an average of 0.8% during the last five trading days of the year since 1950. In fact, the S&P 500 has risen 74% of the time in the five days following Christmas in that time frame.
The worst five-day stretch after Christmas was in 1987, when the S&P 500 dropped 2.4%. The best was in 1991 when the S&P 500 increased 5.1%.
What Else Should I Know?
Investors hoping for a so-called Santa Claus rally—which happens when there is a bump in trading during the last five days of the year and the first two days of the new one—might be out of luck.
The Dow and the S&P 500 have each gained during this time for the past seven consecutive years. However, the Nasdaq Composite has declined during the Santa Claus rally period for the past two consecutive years.
Friday marked the start of the Santa Claus rally window—and saw the Dow slip 0.1%, while the S&P 500 and the Nasdaq Composite each gained 0.2%.
Write to Angela Palumbo at [email protected]
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