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>At least in North America we get every observed holiday on every year. Ah, but that's not so. For example, if New Year's Day falls on a Saturday, then the NYS
by NovemberWhiskey 3y ago
>At least in North America we get every observed holiday on every year.
Ah, but that's not so. For example, if New Year's Day falls on a Saturday, then the NYSE doesn't observe the following Monday as a holiday - happened in 2022, for example.
- Scoundreller 3y agoah, thanks for reminding me. I had some Canadian investments to move that day, and I could see if it made sense to move it at the "frozen" price that day (Canadian markets were closed), or better to wait for them to drop the next day. Saved me tens of tax dollars!
- Kon-Peki 3y agoLook up NYSE rule 7.2 - a public holiday that occurs on a Saturday is typically observed on the Friday prior to the holiday, except in cases where that would interfere with quarter-ends and other unusual circumstances. This is why the New Years Day observance is sometimes skipped - December 31 is a quarter-end. They also avoid being closed more than 3 consecutive days, which is why they are open for trading on Black Friday (but they do close early!).