U.S. stock exchanges were open when Tiger Woods started his incredible Masters run last week, but many traders will get a longer weekend this time around.
The New York Stock Exchange and Nasdaq will close this Friday in observance of Good Friday. The CME Globex futures and options exchanges, including equities futures and commodities like crude oil and gold, will also be closed for trading on Friday.
index has gained 15.9% this year through Thursday’s close, while the
Dow Jones Industrial Average
has risen 13.9%. Earnings season is here, and companies are looking to keep that growth going.
But as Barron’s wrote last week, many companies keep expectations low and also report adjusted earnings to remove certain expenses from their profit-and-loss statements.
The Singapore Stock Exchange will close, though a few other Asian markets will be open. The Securities Industry and Markets Association also recommends that markets for government bonds and other fixed-income securities close for the day.
Good Friday commemorates the crucifixion of Jesus Christ. It isn’t a federal holiday, which means businesses often stay open. Good Friday is the only time U.S. markets close for the day outside of federal holidays.
Markets in the U.K., Germany, and France will also close on Good Friday, as well as April 22 for Easter Monday—where both dates are national holidays. Markets in the U.S. will be open on Monday.
Exchanges in China and Japan will stay open Friday and Monday.