U.S. stocks have set a string of records heading into the Christmas and the New Year holidays, giving investors a lot to cheer about over the coming break.
But before the ball drops on a fresh decade, here’s when investors can expect markets to close over the next two weeks.
Christmas Eve is Tuesday, when the New York Stock Exchange and Nasdaq will end trading at 1 p.m. Eastern time, while the Securities Industry and Financial Markets Association recommends a 2 p.m. Eastern close for trading in bonds, including the 10-year Treasury note
Commodities close early Tuesday too, with trading in gold futures
on Comex set to end at 12:30 p.m. Eastern, and West Texas Intermediate crude futures
ending an hour later, at 1:30 p.m. Eastern, on the New York Mercantile Exchange.
The London Stock Exchange closes at 12:30 p.m. local time Tuesday and stays shuttered up to December 27.
Major global markets will be closed Wednesday for Christmas.
This December, Wall Street already has seen many records, with the S&P 500 index
Dow Jones Industrial Average
and Nasdaq Composite Index
each touching all-time highs again on Friday, as investors shrugged off President Donald Trump’s impeachment and counted gains for the year of more than 28%, 22% and 36%, respectively, for each benchmark.
Looking for a toast for the new year?
Investors might want to raise a glass to the Federal Reserve, which at its December rate-setting meeting signaled its plans to keep benchmark rates low, between 1.5% and 1.75% through the end of 2020.
Also, don’t forget the New York Federal Reserve outpost, which has been injecting Wall Street with hundreds of billions of dollars worth of short-term loans to keep credit flowing through the system over the year-end period, when liquidity (remember last year?) can dry up and produce shocks.
But before hitting the bubbly, U.S. stock markets, energy and gold futures will be open for the full trading day on New Year’s Eve, while Sifma recommends at 2 p.m. Eastern close for the bond market.
Most major global markets will be shuttered for New Year’s Day.