What are Stock Market Holidays? We look at these unusual phenomenom
Stock market holidays are the statutory holidays when the stock exchanges are closed. This holiday schedule varies from country to country depending on the religious observances and government holidays. Even in North America, the stock exchanges in Canada and the United States are often closed at different times. For example, Victoria Day in Canada is celebrated on the Monday closest to May 24, while Memorial Day in the United States is celebrated the following week. In addition, the stock exchange is closed on weekends.
Since different stock exchanges are opened and closed at different times, those investors who deal in foreign content have to keep a close eye on when trading is taking place. Some holidays have early closures on the eve of the holiday. If you decide that you want to make a deal during a holiday, you may have a difficult time of it if your broker is not working at that time.
When a holiday is coming up, trading usually slows down. Professional traders often close up shop early leaving the door open for small traders to step in and make trades. A stock market holiday can often be a volatile time, so serious investors still watch the market conditions, even while they are taking time off. Volatility in the market can cause a serious swing in the balance of your investments.
Factors can influence the state of the markets during holidays such as terrorist attacks or other tragic events. The markets may be closed at home and open abroad, allowing prices to take a nosedive or to rise sharply.
The stock exchange may be closed by in reality the stock market is open twenty-four hours a day.
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