The stock markets closed for Presidents Day on February 20, 2023
As we approach Presidents Day, investors may be wondering what to expect from the stock market. The stock market has been volatile recently, which has left investors feeling uneasy. But, the federal holiday might provide some relief. This year, Presidents Day will fall on Monday, February 20, 2023. If you’re planning to trade on Presidents Day, here’s what you need to know.
Is the Stock Market Open on Presidents Day 2023?
The New York Stock Exchange, the Nasdaq Stock Market, over-the-counter markets, and bond markets will all close in observance of Presidents Day. The bond markets will resume regular hours on Tuesday, February 21, at 8 a.m. Eastern, while the other U.S. markets will reopen at 9:30 a.m. It’s important to note that while the U.S. markets is closed, several international markets will be open.
What About International Markets? Will They Be Open or Closed?
The Tokyo Stock Exchange, the Shanghai Stock Exchange, the London Stock Exchange, the Frankfurt Stock Exchange, the Paris Stock Exchange, and the Hong Kong Exchange will be open on Monday. As a result, you may still be able to trade in international markets if you choose to do so.
What Should I Know About Presidents Day?
Presidents Day is observed on the third Monday in February and honors George Washington and Abraham Lincoln, although some see it as celebrating all U.S. presidents. According to Britannica, Washington, the first U.S. president, was born on February 22, 1732. Three other U.S. presidents had February birthdays: William Henry Harrison, who was born on Feb. 9, 1773; Abraham Lincoln, who was born on Feb. 12, 1809; and Ronald Reagan, who was born on Feb. 6, 1911.
What Should I Watch in the Markets?
Since 1971, the S&P 500 has slipped an average of 0.13% on the day after Presidents Day, with the index closing higher about 51.9% of the time, according to Dow Jones Market Data. This means that it may be wise to keep an eye on the S&P 500 and its performance following the holiday.
Investors will be awaiting the earnings reports from companies such as Home Depot (ticker: HD) and Walmart (WMT). Additionally, the release of the Federal Open Market Committee (FOMC) minutes from the Jan. 31 – Feb. 1 meeting will also be on investors’ minds. These factors could have an impact on the stock market’s performance in the coming days and weeks.
In conclusion, Presidents Day can be a good opportunity to take a break from the markets and reflect on the contributions of our former presidents. While U.S. markets will be closed on this day, international markets will be open, so you may still have the option to trade if you choose to do so. Regardless, it’s important to keep an eye on market performance and upcoming events that could affect your investments.