The US stock market will be closed on May 27, 2024 in observance of Good Friday. Track all stock market holidays with TipRanks’ stock market holiday calendar.
Will the holidays have an impact on the market this week?
Understanding how the stock market is affected by the holiday season can help you invest well and beat the market. Investors can see the market rise before the holiday season and the price drop after the holiday season as “Holiday effect. “
The holiday effect has to do with investors’ general optimism and confidence. The fact that customers tend to spend more money around the holidays is one of the reasons for the pre-holiday market surge, which can result in higher stock prices, especially for retailers.
One reason for post-holiday price movements is that many traders and market analysts take time off during the holidays to relax and unwind from their usual trading and investment research schedules. These investors see the holidays as a time to relax and refresh. On the other hand, some traders see this season as an opportunity to work harder and gain a tactical edge in the markets, taking advantage of the period when many other traders are on vacation.
Watch this space for more on how the Memorial Day holiday will impact the stock market, and don’t forget to stay on top of the latest in stock research with TipRanks.
