President Day and the stock markets on that day. About a year ago, coronavirus had just started rocking U.S. equities. The prospect of a year lockdown in the U.S. seemed far fetched at the time. Yet, the S&P 500 index is up 16% from a year ago.
Investors are positive about the hopes of a return to a normal situation in the future as states roll out covid vaccines. For now, U.S. traders will get some time off on President’s Day.
Does the stock market remain closed on President Day 2021?
Nasdaq and the New York Stock Exchange remain closed on Feb.15, Monday. The U.S. Also, Bond markets and over-the-counter markets will remain close. Both senior U.S. exchanges will be closed for the day. And will open at 9:30 a.m. on Tuesday.
Are all international markets closed on President Day?
The Shanghai Stock Exchange is closed and will open on Wednesday, local time. That is because of Lunar New Year. The Hong Kong stock exchange remains closed on Monday for the 4th continuous day of the Lubar New Year. The Toronto Exchange is also closed on 15th February in Canada for Family Day.
Tokyo Stock Exchange and the London Stock Exchange will remain open on Monday at normal hours.
What about the remaining week?
Some United States schools will be closed for the whole week. Traders might do the same.
Back in February 1971, the S&F 500 index was averaged to decline by 0.1% Tuesday following Presidents Day. As per Dow Jone market statistics.
The average performance throughout the week of President Day is decreased by 0.05% with the index swelling in half of the 50 weeks.