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Good Friday could come as a little bit of candy aid for traders.
The inventory market has taken a success this yr. Stocks slipped this week, too: The
Dow Jones Industrial Average
dropped 0.8%, whereas the S&P 500 and the Nasdaq Composite fell 2.1% and a couple of.6%, respectively.
Bond yields, nonetheless, ripped increased this week, denting the inventory market. The 10-year Treasury bond’s yield rose—as its value fell—to 2.83% at Thursday’s shut, a brand new pandemic-era excessive.
Here’s what traders trying to commerce forward of Easter Sunday—in addition to Passover, which begins at sunset Friday—ought to know.
Is the Stock Market Open on Good Friday 2022?
The New York Stock Exchange and the Nasdaq can be closed on April 15 in observance of Good Friday, as will U.S. over-the-counter markets. The U.S. bond market closed early on Thursday at 2 p.m. Eastern and can stay shut.
Will International Stock Markets Be Open on Good Friday 2022?
The London Stock Exchange, the Frankfurt Stock Exchange, the Toronto Stock Exchange, and the Hong Kong Stock Exchange will all be closed on Good Friday. The Euronext Paris Exchange gained’t be open, both.
However, the Shanghai Stock Exchange and the Tokyo Stock Exchange can be open common hours.
How Has the Stock Market Performed Around Good Friday?
From 2011 to 2021, the inventory market normally climbed the buying and selling day earlier than Good Friday—and dropped the day after.
Dow Jones Market Data exhibits that in this span, the
S&P 500
gained a median of 0.4% the day earlier than the event and dipped a median of 0.1% the day following. The
Dow Jones Industrial Average
and the
Nasdaq Composite
every averaged related small features and losses the day earlier than and after Good Friday, too.
Is the Stock Market Open on Easter Monday 2022?
The New York Stock Exchange and the Nasdaq will resume regular hours on Monday, April 18, and open at 9:30 a.m. Eastern, with premarket buying and selling beginning at 6:00 a.m. U.S. bond and over-the-counter markets can be open common hours.
Overseas, the Hong Kong, London, and Frankfurt inventory exchanges can be closed on Easter Monday, as will the Euronext Paris Exchange.
What’s Been Driving the Stock Market Lower?
The Dow, the S&P 500, and the Nasdaq Composite are down 5.2%, 7.8%, and 14.7% to this point this yr, respectively.
Markets are involved about a number of points, together with the Federal Reserve, which is tightening financial coverage. That means the central financial institution is lifting short-term rates of interest with the intention to try to fight excessive inflation, in hopes that doing so will curb financial demand.
Investors are additionally ready to see when the Fed will scale back its bond holdings. Less cash transferring into bonds lowers their costs and lifts their yields—which might trigger inventory valuations to say no.
The Russia-Ukraine struggle isn’t serving to something. The battle is solely including to inflation, with markets anticipating restrictions on Russian oil and different commodities—sending costs of these items increased.
Write to Jacob Sonenshine at jacob.sonenshine@barrons.com