The stock market usually takes a break on federal holidays like Thanksgiving and Christmas, but what about Black Friday and Cyber Monday? These two days are known for major sales, with multiple stores offering huge discounts. Stocks were reportedly doing well on Black Friday 2024, making it an interesting day for investors. But how long did the market stay open?
Both NASDAQ and NYSE were open on November 29, but they closed earlier than usual. While the stock market typically closes at 4:00 p.m. ET, it shut down at 1:00 p.m. ET on Black Friday in recognition of the shopping holiday.
There isn’t a specific reason why the stock market has limited hours on Black Friday, but it’s likely due to the reduced trading activity on that day. Most Black Friday deals at major retailers end when the stores close or run out of stock. However, some companies like Walmart offer deals before and after Black Friday, giving shoppers more opportunities to save.
While Black Friday is a big day for retail, Cyber Monday is all about online shopping. The stock market is expected to operate as usual on Cyber Monday, with trading hours from 9:30 a.m. to 4:00 p.m. ET on December 2.
The term “Black Friday” originated in the early 1960s in Philadelphia, where it was used to describe the chaotic shopping day after Thanksgiving. The name came from the heavy traffic and large crowds that flooded the city streets. However, “Black Friday” also has historical roots unrelated to shopping, referring to a financial crisis in 1869.
Overall, Black Friday and Cyber Monday are significant days for both consumers and investors, marking the beginning of the holiday shopping season and offering opportunities for deals and profits. It’s essential for traders to be aware of the stock market hours on these days to make informed decisions and maximize their investments.
