© Reuters.
NEW YORK – US financial markets are gearing up for the Thanksgiving holiday, with the New York Stock Exchange (NYSE) and Nasdaq set to close on Thursday, November 23, 2023, in observance of the national holiday. Additionally, there will be no trading of US interest products in Japan as per the Securities Industry and Financial Markets Association (SIFMA) guidelines.
Investors and traders should also note that on Black Friday, November 24, 2023, both the NYSE and Nasdaq will have early closures at 1 p.m. ET, while bond markets will wrap up an hour later at 2 p.m. ET. SIFMA’s recommendations will particularly impact trading of asset-backed and mortgage securities.
While foreign exchange (FX) markets will remain operational on these days, participants can expect reduced liquidity owing to decreased US market participation.
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