As Columbus Day approaches, investors and market participants are preparing for a unique trading environment. This U.S. holiday, observed on Monday, October 14, 2024, will see a mix of open and closed financial markets, impacting trading activities.
Columbus Day, a federal holiday commemorating the 1492 landing of Christopher Columbus in North America, will see the New York Stock Exchange and the Nasdaq Stock Market operating as usually. Over-the-counter (OTC) markets will also remain open, while bond markets will be closed. The U.S. Postal Service and the Federal Reserve will not operate, and many banks will follow suit.
In some states, the day is also recognized as Indigenous People’s Day, celebrating the resilience of Indigenous communities.
Internationally, trading will continue as usual in most markets, except for the Toronto Stock Exchange, which will close in observance of Canada’s Thanksgiving Day.
Investors should brace for a busy week with earnings reports from major companies such as UnitedHealth Group UNH, Johnson & Johnson JNJ, Bank of America Corp. BAC, Abbott Laboratories ABT, and Taiwan Semiconductor Manufacturing Company Ltd TSM. Additionally, key economic data releases, including jobless claims, retail sales, and housing starts, will provide insights into the current state of the economy.
Price Action: On Monday during pre-market hours, at the time of writing, SPDR S&P 500 ETF Trust SPY was trading slight higher, around 0.22% while Invesco QQQ Trust, Series 1 QQQ was up by 0.32%, as per Benzinga Pro.
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This story was generated using Benzinga Neuro and edited by Pooja Rajkumari
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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