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Is the Stock Market Open Today? Here are the Hours for Columbus Day 2020.

Is the Stock Market Open Today? Here are the Hours for Columbus Day 2020.

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Statue of Christopher Columbus at Columbus Circle in Washington, D.C. (MANDEL NGAN/AFP via Getty Images)


AFP via Getty Images

Columbus Day is here. The

S&P 500

index will look to build on two weeks of gains, capped off by its best week since early July.

The S&P 500 and

Dow Jones Industrial Average

rose 3.8% and 3.3% respectively last week. Investors are holding out hope that Democrats and Republicans can reach a deal and get much-needed stimulus for airline workers, small businesses, and those still on unemployment.

Is the Stock Market Open on Columbus Day 2020?

Unlike the U.S. Postal Service, some schools, and your local trash services, the New York Stock Exchange and Nasdaq are open today for Columbus Day. U.S. bond markets, however, are closed for the federal holiday. While you won’t be receiving mail today,

FedEx

and

UPS,

both of which are private businesses, are open on Columbus Day 2020. Most banks are closed today as well since Columbus Day is considered a bank holiday.

Are International Stock Markets Closed Today?

International markets are largely open, although the Toronto Stock Exchange is closed for Thanksgiving in Canada.

Since 1990, the S&P 500 index has averaged a gain of 0.6% on Columbus Day, according to Dow Jones Market Data. The index’s biggest Columbus Day move during that period was in 2008, when it gained about 11.6%, and it’s moved more than 1% on the holiday six times since 1990. The S&P 500 has ticked down slightly the past three Columbus Days.

The stimulus talks have been a bit of a roller coaster, with both sides contributing to on-again-off-again negotiations ahead of a contentious election season and Supreme Court nomination. If that sounds familiar, it may because stocks were reacting similarly around the holiday last year,

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Are Banks and Financial Markets Open?

Are Banks and Financial Markets Open?

Today (October 12) is Columbus / Indigenous Peoples’ Day, which is a federal holiday in the U.S. While some are taking the day off—employer depending—some will be working as normal, but will this include banks and the financial stock exchange?



a close up of a piece of paper: Stock image: Will financial organizations remain open for Columbus Day?


© Dmitry Demidko / Unsplash
Stock image: Will financial organizations remain open for Columbus Day?

The national holiday works two-fold depending on which state of the country you’re in. Some celebrate Columbus Day as the day the explorer Christoper Columbus arrived in the Americas. According to Smithsonian Magazine, the first observance of Columbus Day in the U.S. actually took place 300 years after Columbus made landfall in the country.

The annual celebration then took place from 1869 in the Italian-American community in San Francisco and in 1934, the, then, U.S. President Franklin Delano Roosevelt declared the first national observance. Three years later, Roosevelt made it a national holiday and in 1972 President Richard Nixon signed a proclamation to make the official date the second Monday in October.

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However, because of the colonial history which started with Columbus, some Americans and people in the western world celebrate Indigenous Peoples’ Day instead, which honors Native Americans. According to Pew Research, 12 states plus District of Columbia have renamed Columbus Day to Indigenous Peoples’ Day.

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But regardless of which one people celebrate, the holiday remains a federal holiday and affects institutions such as banks. Only 21 states (as well as American Samoa and Puerto Rico) pay workers on the holiday, says the Council of State Governments’.

As a rule, banks and financial organizations close for federal holidays aligning with the Federal Reserve. For example, the Bank of America will close for

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Prent Corp. to open packaging factory in New Mexico

Prent Corp. to open packaging factory in New Mexico

SANTA FE, N.M. (AP) — A manufacturer of plastic packaging used for medical equipment during the COVID-19 pandemic plans to build its next factory in southern New Mexico.

Prent Corp. will invest $12.5 million into the project and create 85 new jobs, according to a release from the Borderplex Alliance.

​“Southern New Mexico is brimming with opportunity,” Gov. Michelle Lujan Grisham said. “The growth potential here is limitless. These good-paying jobs are proof positive that New Mexico is known around the country as business-friendly and a great place to invest right now.”

Construction of the plant in Santa Teresa, Doña Ana County, is still pending approval. It could be up and running by the fall of 2021, according to the Borderplex Alliance.

“Prent Corporation’s opening will add a substantial number of good-paying jobs to Doña Ana County,” County Commission Chair Lynn Ellins said. “Santa Teresa is an excellent location for contributing to Prent’s success. This is especially good news to receive in the midst of a pandemic.”


Designed to build sterile barrier packages for medical devices, the plant would be equipped with stringently regulated clean rooms.

The Janesville, Wisconsin-based company has partnered with medical companies during the pandemic to ship personal protective equipment such as face shields, according to Boston Scientific Corp.

The Borderplex Alliance promotes cross-border business interests in the tri-state, bi-national border region encompassing Las Cruces, New Mexico; El Paso, Texas; and Chihuahua, Mexico.

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Higher Open Anticipated For Singapore Stock Market

Higher Open Anticipated For Singapore Stock Market

(RTTNews) – The Singapore stock market has moved higher in three straight sessions, gathering almost 45 points or 1.8 percent along the way. The Straits Times Index now sits just beneath the 2,540-point plateau and it may add to its winnings on Thursday.

The global forecast for the Asian markets suggests a higher open on renewed stimulus hopes, although some of the overbought bourses may see profit taking as the day progresses. The European markets were mixed and the U.S. bourses were firmly higher and the Asian markets figure to split the difference.

The STI finished slightly higher on Wednesday following gains from the financials, losses from the trusts and a mixed picture from the industrials.

For the day, the index added 9.10 points or 0.36 percent to finish at 2,538.36 after trading between 2,518.24 and 2,543.27. Volume was 1.01 billion shares worth 921.5 million Singapore dollars. There were 201 gainers and 187 decliners.

Among the actives, CapitaLand surged 1.81 percent, while CapitaLand Commercial Trust plunged 1.78 percent, Thai Beverage plummeted 1.68 percent, Keppel Corp soared 1.58 percent, CapitaLand Mall Trust tanked 1.53 percent, SembCorp Industries tumbled 1.50 percent, Yangzijiang Shipbuilding skidded 1.00 percent, Singapore Press Holdings sank 0.96 percent, SingTel dropped 0.92 percent, City Developments spiked 0.91 percent, Wilmar International rallied 0.88 percent, DBS Group jumped 0.77 percent, Genting Singapore climbed 0.73 percent, Ascendas REIT shed 0.62 percent, Singapore Technologies Engineering advanced 0.56 percent, Mapletree Commercial Trust lost 0.51 percent, Mapletree Logistics Trust fell 0.48 percent, Singapore Exchange slid 0.44 percent, SATS added 0.32 percent, Singapore Airlines gained 0.28 percent, United Overseas Bank collected 0.20 percent and Oversea-Chinese Banking Corporation and Comfort DelGro were unchanged.

The lead from Wall Street is broadly positive as stocks opened higher on Monday and stayed that way throughout the session, offsetting losses from

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Stock futures open slightly higher after stimulus hopes fuel rally

Stock futures open slightly higher after stimulus hopes fuel rally

Stock futures traded slightly higher as the overnight session kicked off, after the three major indices closed at their highest levels in more than one month earlier in the day.

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Traders clung to hope that some aid out of Washington – if not a multi-trillion dollar, comprehensive virus relief package – might transpire in the near-term.

House Speaker Nancy Pelosi said Wednesday that she would be open to passing a bill to provide relief to airlines specifically, after President Donald Trump said late Tuesday that he would approve piecemeal measures including airline aid.

However, Pelosi also signaled that she would not be open to advancing a bill that would authorize another round of $1,200 direct checks to taxpayers, saying that that on its own would be insufficient to address the Covid-19 crisis. House Democrats last week voted to advance a larger package to inject another $2.2 trillion in aid to various parts of the economy.

Airline stocks, along with travel and leisure names, were flat to slightly higher in late trading, largely holding onto gains from the regular session Wednesday.

“It’s been the question of the day, as to why we got the tweets we got over the last 24 hours, the market reaction we got into [Tuesday’s] close, and then the rally today,” Ed Mills, Raymond James Washington policy analyst, told Yahoo Finance Wednesday afternoon.

“Investors I’ve spoken to at Raymond James have been mixed. Some believe that this makes it much more likely that regardless of the outcome of the election, there’s a deal to be had in the lame duck [session] before the Dec. 11 deadline to funding the government,” he added. “Others said this is a clear signal from the market that they are now expecting a Democratic sweep. That would be the package

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