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Thanksgiving Week and the stock market

by Tradinghow
November 20, 2023
in Markets
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Thanksgiving Week and the stock market
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Gerald Storch says it will be a very challenging holiday season on “Maria Bartiromo’s Wall Street.”

U.S. stocks are heading into the Thanksgiving holiday week with some momentum, having registered gains on Friday and for the week, helped by better-than-expected earnings from the likes of Target and Macy’s.

Ticker Security Last Change Change %
I:DJI DOW JONES AVERAGES 35027.75 +80.47 +0.23%
SP500 S&P 500 4528.38 +14.36 +0.32%
I:COMP NASDAQ COMPOSITE INDEX 14216.934854 +91.45 +0.65%

THANKSGIVING 

Investors have three full days of stock trading this week, with normal hours from 9:30 a.m. to 4 p.m. ET for the NYSE, owned by Intercontinental Exchange and the Nasdaq MarketSite.

HOTTEST LAST MINUTE THANKSGIVING DEALS

Ticker Security Last Change Change %
NDAQ NASDAQ INC. 53.48 -0.06 -0.11%
ICE INTERCONTINENTAL EXCHANGE INC. 111.40 -0.87 -0.77%

On Thursday, there will be no trading in stocks with U.S. equity markets closed. The U.S. Treasury markets will also be closed, so no trading in bonds.

THANKSGIVING WON’T BE CHEAPER DESPITE FOOD INFLATION EASING, ECONOMIST SAYS

This view shows the Macy’s Thanksgiving Day Parade in New York City. (Getty Images / Getty Images)

BLACK FRIDAY

The following day, Black Friday, is the official kickoff for the shopping season, and U.S. stocks will be open on an abbreviated schedule from 9:30 a.m. to 1 p.m. ET. Retail stocks, including Walmart, Target, Amazon and Macy’s, could be active as data begins to trickle with regard to overall consumer spending up through Cyber Monday.

https://primexbt.investments/start_trading/?cxd=459_549985&pid=459&promo=[afp7]&type=IB https://primexbt.investments/start_trading/?cxd=459_549985&pid=459&promo=[afp7]&type=IB https://primexbt.investments/start_trading/?cxd=459_549985&pid=459&promo=[afp7]&type=IB

BLACK FRIDAY: WHAT TO KNOW

Ticker Security Last Change Change %
WMT WALMART INC. 155.35 -0.69 -0.44%
TGT TARGET CORP. 129.89 -0.05 -0.04%
AMZN AMAZON.COM INC. 145.18 +2.35 +1.65%
M MACY’S INC. 14.38 -0.07 -0.45%

Following Black Friday comes Small Business Saturday. It encourages holiday shoppers to patronize brick-and-mortar businesses that are small and local.

TOP BLACK FRIDAY DEALS RETAILERS HAVE ALREADY DROPPED

Following Black Friday comes Small Business Saturday. It encourages holiday shoppers to patronize brick-and-mortar businesses that are small and local. (Thomas Iannaccone / WWD / Penske Media / File / Getty Images)

CLICK HERE TO READ MORE ON FOX BUSINESS

FOX Business’ Ken Martin contributed to this report.



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