5 Things to Know Before the Stock Market Opens || Columbus Day
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5 Things to Know Before the Stock Market Opens
On this Columbus Day holiday, the stock markets are open for business. Following Friday's record closings of the S&P 500 and Dow Jones Industrial Average, US stock futures are little changed. Premarket trading has seen a decline in shares of Boeing (BA), which announced plans to cut about 17,000 jobs. On the other hand, shares of Tesla (TSLA) have increased, reversing Friday's decline in the EV maker's stock after its much-discussed robotaxi event. Finally, crypto-related stocks are rising as bitcoin (BTCUSD) surged to almost $65,000. What today's investors should know is as follows.
1. Bond market closed, NYSE and Nasdaq opened.
Monday is a federal holiday in the United States, so banks and government offices will be closed. The New York Stock Exchange and Nasdaq will be open and operating normally today, but the bond market will be closed for Columbus Day, also observed as Indigenous Peoples' Day.
2. Steady US Stock Futures After the Rally of Last Week
Monday morning stock futures are essentially unchanged as the US equity market attempts to maintain the upward trend that has propelled major indexes to all-time highs in the last few sessions. Friday's record closing highs for the S&P 500 and Dow Jones Industrial Average were driven by positive inflation data and solid bank earnings. There are no economic reports or earnings releases today due to Monday's holiday, but the calendar gets a lot busier in the next few days. The main U.S. stock indexes have been rising for the past five weeks.
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