Will it be gobble, gobble for U.S. stock-market investors during the Thanksgiving week or an overdose of tryptophan?
U.S. financial markets are closed on Thursday, Nov. 26 for the Thanksgiving holiday and beyond Thursday’s closure, since 1992, stock exchanges have adhered to an abbreviated trading schedule the Friday after Thanksgiving in the U.S. Against that backdrop, Thanksgiving has become synonymous with low-volume trading, which can sometimes lead to choppy action.The folks at Bespoke Investment Group say that Thanksgiving week has lent itself to a modest gain for stocks dating back to 1945.
Bespoke, however, says that more recently, gains have shifted to Mondays in Thanksgiving week, with small declines on Tuesday and rallies on the last two days of the session.