Correct. The penultimate comment was a week early. I’ll be updating soon, as, as far as I know, all markets are closed as of 1 PM Eastern Standard Time today, with the Toronto Stock Exchange being the last to close at 1 PM EST.
The US stock markets will be the only ones open on New Year’s Eve next week, due to some obscure regulation.
Form Barron’s:
“ The New York Stock Exchange, the Nasdaq, and U.S. over-the-counter markets will be open regular hours on Friday, Dec. 31. However, U.S. bond markets will close early at 2 p.m. Eastern.
New Year’s Day 2022 falls on a Saturday. And while most global financial markets will be closed on Monday, Jan. 3, 2021, in observance of the holiday, U.S. markets will be open.
The lack of a New Year’s Day respite for stock traders is the result of NYSE Rule 7.2, which stipulates that the exchange will be closed either Friday or the following Monday if the holiday falls on a weekend, unless “unusual business conditions exist, such as the ending of a monthly or yearly accounting period.”” |
