The U.S. stock market will be closed on January 15, 2024, in honor of Martin Luther King Jr. Day. Keep track of all stock market holidays with TipRanks’ Stock Market Holidays calendar.
Pick the best stocks and maximize your portfolio:
- Discover top-rated stocks from highly ranked analysts with Analyst Top Stocks!
- Easily identify outperforming stocks and invest smarter with Top Smart Score Stocks
Will the Holiday Effect Impact the Markets This Week?
Understanding how the stock market might be affected by the holiday season will help you invest well and beat the markets. Investors sometimes refer to pre-holiday market rises, and the post-holiday price drift, as the “holiday effect.”
The holiday effect is linked to investors’ general optimism and confidence. The fact that customers tend to spend more money around the holidays is another essential explanation for the pre-holiday market surge. The share prices of retailers, in particular, may increase as a result.
Another reason for the holiday effect is that many traders and market analysts take time off work during the holidays to relax from their regular trading and research schedules. Those investors view the holidays as a time to unwind and refresh. On the other hand, some traders see the season as a chance to work harder and get some tactical advantages in the market, maybe by taking advantage of the period when many other traders take holidays.
Watch this space to learn about the Martin Luther King Jr. Day holiday effect on the stock market. And remember to always use TipRanks to stay up-to-date on your stock research.
