U.S. stock exchanges were closed for Thanksgiving Day on Thursday, and reopen only for an abbreviated session on Black Friday, with trading ending at 1 p.m. Eastern.
Through Wednesday’s session, stocks were on track to keep with the positive historical track record for Thanksgiving week, with the Dow Jones Industrial Average DJIA, +0.34% and Nasdaq Composite each up 1.3% and the S&P 500 SPX, -0.06% rising 1.6%.It has been a rough year in financial markets with the major equity benchmarks in a bear market and most bond categories producing negative returns. As a proxy for the bond market, the iShares Core U.S. Aggregate Bond ETF AGG, -0.
While the U.S. economy already fully reopened last Thanksgiving with the help of COVID vaccines and boosters, this year high inflation means consumers paid more for their Thanksgiving dinners this year.