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The New York Stock Exchange and the Nasdaq are closed on Presidents Day 2021.
Spencer Platt / Getty Images
Almost a year ago, the Covid-19 pandemic had just begun to shake American stocks. Still, the prospect of a one-year shutdown in the U.S. seemed far-fetched at the time. And yet the
S&P 500 Index
has increased by 16% over a year ago.
Investors are optimistic about hopes of returning to normalcy in the coming months as states launch Covid-19 vaccines. For now, U.S. traders will have free time for Presidents Day.
The federal holidays, which date back to 1885 and were established to recognize George Washington, take place on the third Monday in February. It has since expanded to celebrate all U.S. presidents. Government offices are closed today and it is a holiday. The U.S. Postal Service will not deliver mail on Presidents Day.
Is the stock market open on Presidents Day 2021?
The New York Stock Exchange and the Nasdaq will close on Monday, February 15th. U.S. bond markets and over-the-counter markets will also be closed for the day. Both senior U.S. stock exchanges will reopen Tuesday at 9:30 p.m.
Are international markets closed on Presidents Day 2021?
The Shanghai Stock Exchange is closed until Wednesday, local time. This is because of the new lunar year, not the day of the presidents. The Hong Kong Stock Exchange is closed on Monday for the fourth day of the Lunar New Year. The Toronto Stock Exchange closes on February 15 to celebrate Family Day in Canada.
The London Stock Exchange and the Tokyo Stock Exchange will be open on Monday at normal trading hours.
What about the rest of the week?
Some schools in the United States are closed all week on Presidents Day for holidays. Traders can try to do the same.
Returning to February 1971, the S&P 500 index fell by an average of 0.1% on the Tuesday following Presidents’ Day, according to Dow Jones Market Data. The average performance during the week of the day of the presidents has decreased by 0.05%, with an index that increases in the middle of the 50 weeks.
Write to Connor Smith at [email protected]