Wall Street is set to switch adieu Monday to 2018, a bruise for most assets that, for some investors, cannot close soon enough. But market participants may be able to take heart in the fact that a short deadline on New Year's Day, when almost all markets will be closed.
On Monday, both the New York Stock Exchange and the Nasdaq will observe regular opening hours, closing at 4 am Eastern time. Regular trading resumes on Wednesday 2 January.
However, the Securities Industry and Financial Markets Association recommends at 14.00. Eastern close, one hour earlier than the norm, for bond trading, including the closely monitored 10-year government bond note
Most global financial markets will also be closed on Tuesday, January 1, 2019 for New Year's Day.
Stocks in the US have performed poorly late, with December being one of the worst stock markets for at least a decade and worst December since 1931.
Dow Jones Industrial Average
DJIA, + 0.61%
has fallen 9.7% so far in December, while the S & P 500 index
SPX, + 0.26%
is down 9.9% over the period, and the Nasdaq Composite Index
COMP, + 0.24%
is of 10.2% through Friday's proximity. These declines will be the worst monthly drops since October 2008, according to FactSet data.
For the year, Dow is in line for a 6.7% loss, with S & P 500 down 7% and the Nasdaq Composite at pace for a 4.6% fall.
However, trading on Monday looked after investors had reason to buy in recent tweets from President Donald Trump on presumptive trade negotiations between himself and Chinese leader Xi Jinping via weekend calls.
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