S&P 500, Dow Jones, Nasdaq will open on Black Friday as per regular schedule but is set to close at 1 pm (ET). U.S bond market will close on Friday, November 28 at 2 pm (ET). Next normal business hours for U.S. Stock Market will resume on Monday, December 1.
U.S. stocks closed broadly higher on Wednesday, extending Wall Street’s recent winning streak to a fourth straight day. The S&P 500 rose 0.7 per cent, the Dow Jones Industrial Average gained 0.7 per cent and the Nasdaq composite added 0.8 per cent.
Stocks have been rallying as comments from Federal Reserve officials have given traders more confidence the central bank will again cut interest rates at its meeting in December. Traders are betting on a nearly 83 per cent probability that the Fed will cut next month, according to data from CME Group.
The central bank, which has already cut rates twice this year in hopes of shoring up the slowing job market, is facing an increasingly difficult decision on interest rates as inflation rises and the job market slows. Cutting interest rates further could help support the economy as employment weakens, but it could also fuel inflation. The latest round of corporate earnings reports was mostly positive, but economic data has been mixed.
Economic data released this week shows Americans bought less from U.S. retailers in September than economists expected and are growing more anxious about the economy. The Fed and Wall Street are also playing catch-up with government reports on the economy suspended during the government shutdown.For the week, S&P 500 is up 209.62 points, or 3.2 per cent, Dow is up 1,181.71 points, or 2.6 per cent, Nasdaq is up 941.61 points, or 4.2 per cent and Russell 2000 is up 116.53 points, or 4.9 per cent.For the year, S&P 500 is up 930.98 points, or 15.8 per cent, Dow Jones is up 4,882.90 points, or 11.5 per cent, Nasdaq is up 3,903.90 points, or 20.2 per cent, and Russell 2000 is up 255.96 points, or 11.5 per cent.
FAQs
Q1. What are indexes of U.S Stock Market?
A1. U.S Stock Market indexes are S&P 500, Dow Jones, and Nasdaq.
Q2. Are U.S Stock Markets open on Black Friday?
A2. S&P 500, Dow Jones, Nasdaq will open on Black Friday as per regular schedule but is set to close at 1 pm (ET). U.S bond market will close on Friday, November 28 at 2 pm (ET).