![]() ![]() Markets will not close early on Christmas Eve this year because it falls on a Sunday, when markets are closed. the day before Independence Day, Black Friday and Christmas Eve. Here's a full list of the upcoming holidays observed by U.S. stock market holiday will be June 19 for Juneteenth. bond market will also close early on Friday at 2 p.m. Most commercial banks and other financial institutions will also be closed or have modified hours on Monday. Eastern on Friday and reopen Tuesday at 9:30 a.m. The Nasdaq and New York Stock Exchange will close at 4 p.m. military who died while serving in the armed forces. The holiday, one of a dozen recognized federal holidays, honors members of the U.S. stock market holiday, which means the Nasdaq and New York Stock Exchange will be closed Monday, May 29. Market bulls might yet trip over and exit, pursued by metaphorical bears.Memorial Day is considered a U.S. There's nothing on the horizon that looks like a "bull trap," said Sam Stovall, chief investment strategist at CFRA Research, meaning that markets look poised to rally further, for now.īut some analysts, like BofA's Hartnett and Savita Subramanian, the bank's top quantitative strategist, think the S&P will decline from its current levels at the end of the year. Still, it looks like the momentum has legs. It's momentum and fear of missing out on further gains." ![]() As CNBC's Scott Schnipper notes, "It's not a brighter economic picture or an exuberant earnings outlook pushing stocks higher. Now, I'm not suggesting the current AI-led rally's as fragile. By October 2000, Microsoft's shares were worth less than they were in January 1998. It was, of course, right before the dot-com bubble burst. The New York Stock Exchange (NYSE) and the Nasdaq are usually open at the same hours, from 9:30 a.m. But that comparison has unwelcome resonances. This has echoes of the 1990s, when the tech giant's stock rocketed a ridiculous 9,562% during the decade (!). Microsoft, which integrated AI with its products earlier than most other rivals, hit an all-time high of $342.33 per share on Friday after rising more than 43% this year. Investors have artificial intelligence to thank for those impressive figures. There are three factors, according to Hartnett, that'll allow stocks to continue their current rally - though he worries it'll be a "big rally before big collapse." The bottom line Bull now, bear later "Bears like us have been wrong," Bank of America Chief Investment Strategist Michael Hartnett admitted in a note. In the US, the New York Stock Exchange and the Nasdaq are open weekdays from 9:30 a.m. His trip was originally scheduled for February, but was postponed after an alleged Chinese spy balloon flew across the U.S. Yesterday Today Tomorrow This Week Next Week. Blinken's the highest-level American official to visit China during the Biden administration. Economic Calendar for Dow Jones Industrial Average, Nasdaq Composite and S&P 500 on Moneycontrol. Secretary of State Antony Blinken met Chinese Foreign Minister Qin Gang in Beijing yesterday. There's no word - dead or alive - whether the event will be resurrected in the future.īlinken in China U.S. In last year's conference, Amazon highlighted its Alexa voice assistant impersonating a deceased relative. In other words, Musk thinks Tesla shares will shoot up once the electric vehicle company perfects autonomous driving technology, which will, in turn, let Tesla owners turn their cars into robotaxis.Īmazon cancels future showcase Amazon has canceled its re:MARS conference, which showcased developments in futuristic technologies, this year. Despite slipping Friday, all three stock benchmarks posted solid weekly gains. Tesla's self-driving ambitions Elon Musk said the value of Tesla depends on whether it can crack the code to self-driving vehicles. The Dow, the S&P 500 and the Nasdaq are under some pressure heading into the open of this holiday-shortened trading week. Personal Loans for 670 Credit Score or Lower Personal Loans for 580 Credit Score or Lower ![]() Best Debt Consolidation Loans for Bad Credit ![]()
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