Is the stock market open on January 1st 2024?
This upcoming year, New Year's Day will fall on a Monday, January 1, 2024, so there will be no active trading hours on that day. The market will open again and trading will resume with normal hours on Tuesday, January 2, 2024.
| 2024 | Holiday | Status |
|---|---|---|
| March 29, 2024 | Good Friday | Closed |
| May 27, 2024 | Memorial Day - U.S. | Closed |
| June 19, 2024 | Juneteenth Holiday (Observed) | Closed |
| July 3, 2024 | Early Close* - U.S. | 1:00 p.m. |
The stock market will close on Monday, Jan. 1 to observe the New Year's Day holiday.
The Dow Jones Industrial Average rose 25.50 points, or 0.1%, to 37,715.04. The Nasdaq composite fell 245.41 points, or 1.6%, to 14,765.94. The Russell 2000 index of smaller companies fell 14.28 points, or 0.7%, to 2,012.80.
Wall Street analysts' consensus estimates predict 3.6% earnings growth and 3.5% revenue growth for S&P 500 companies in the first quarter. Analysts project full-year S&P 500 earnings growth of 11.0% in 2024, but analysts are more optimistic about some market sectors than others.
This upcoming year, New Year's Day will fall on a Monday, January 1, 2024, so there will be no active trading hours on that day. The market will open again and trading will resume with normal hours on Tuesday, January 2, 2024.
The answer to that question is no. Monday, January 15, is one of 11 bank holidays in 2024. Below, we feature a full schedule of all stock market and bond market holidays for 2024. Please note that the list of stock market holidays actually grew by one day in 2022.
Sell at year-end and re-buy when January starts
So you must clear wash sales by Dec. 31 to be able to claim any associated loss on that year's tax return. But don't think that once the new year begins that you can re-buy the asset within 30 days and not run afoul of the law.
With tax-loss selling, the idea is that U.S. investors sell a lot of losing stocks in December to generate losses they can use to reduce their taxable income, and therefore lower their tax bills. That generates abnormal downward pressure on the market in December, subsiding in January, giving stocks a bit of a bounce.
While the average return in January has tended to be higher than the average return across the remaining 11 months, January was only the best-performing month 14 times in the past 96 years in US large cap, and eight times the past 45 years in US small cap.
Why is the market down in January 2024?
Traders work the floor during morning trading at the New York Stock exchange (NYSE) ahead of the US Federal Reserve's decision on lending rates, in New York on January 31, 2024. Stocks fell on Wednesday after Federal Reserve chairman Jerome Powell said the central bank likely wouldn't be ready to cut rates in March.
The Dow Jones Industrial Average (DJI) fell 20.56 points, or 0.1%, to close at 37,689.54. Seventeen components of the 30-stock index ended in negative territory, while 13 ended in positive. The tech-heavy Nasdaq Composite dropped 83.78 points, or 0.6%, to close at 15,011.35.
The bank's analysts give a positive forecast for the Dow Jones exchange rate in 2024. In their opinion, index quotes will increase by 10% to $40,000 in 2024. If the US economy avoids recession, growth could reach up to 19%. This scenario is more likely due to cooling inflation and stable GDP growth.
Economic growth actually accelerated above its 10-year average in 2023. That resilience, coupled with a fascination about artificial intelligence (AI), changed investors' collective mood. The S&P 500 soared throughout the year and finally reached a new high in January 2024, making the new bull market official.
Stocks and bonds deliver positive returns and cash underperforms both as the Fed pivots to rate cuts. Stocks and bonds may both be poised for success in 2024.
1. Positive returns -- but smaller than in 2023. I think that the overall stock market will deliver positive returns in 2024. However, I expect those returns to be somewhat smaller than they were last year.
Is the stock market open on Good Friday? The New York Stock Exchange (NYSE) is closed on Good Friday 2024.
Most Futures products will reopen on Monday, January 1 at 6pm ET. Forex market will reopen at 6pm ET on Monday, January 1. For information on futures trading, we recommend you check with the individual exchanges: cmegroup.com, theice.com, or cfe.cboe.com.
For stocks traded on US exchanges, settlement is currently three business days after the trade. For mutual funds, settlement usually occurs in the US the day following the trade. In some regional markets, foreign shares may require months to settle.
NSE or National Stock Exchange is open on the weekdays from Monday to Friday and is closed on Saturdays & Sundays, except for any special trading sessions that are announced.
Is Nasdaq open tomorrow?
The regular schedule for the New York Stock Exchange and Nasdaq is Monday through Friday from 9:30 a.m. to 4 p.m. Eastern time with weekends off.
The NYSE is open from Monday through Friday 9:30 a.m. to 4:00 p.m. Eastern time. The NYSE may occasionally close early, either on a planned or unplanned basis. In such cases, The Standard will process transaction requests received prior to the close of the NYSE.
To avoid a wash sale, you could replace it with a different ETF (or several different ETFs) with similar but not identical assets, such as one tracking the Russell 1000 Index® (RUI). That would preserve your tax break and keep you in the market with about the same asset allocation.
The $3,000 loss limit is the amount that can be offset against ordinary income. Above $3,000 is where things can get complicated.
Absolutely, you can buy and sell stocks within the same trading day. This dynamic strategy, known as day trading, is an integral part of the financial landscape and serves as the lifeblood for many traders.
