Final Word on New Years Holiday stock trading sked on a boring Thursday

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Communities Digital News

WASHINGTON – As regular readers may recall, we tried to describe this upcoming weird Friday on Wall Street. Weird, because, unlike the usual trading day off for the New Years Holiday, Friday’s designated Federal holiday (since New Years Day is actually on Saturday this year) doesn’t count for investors in 2021. That anomaly is due to a weird and obscure NYSE accounting rule. Rule 7.2, to be exact. What this boils down to is that US stocks trade as usual this Friday, as do Canadian stocks. However, those lucky Canadian exchanges close Monday to mark the New Years Holiday. But US exchanges, trad…

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