The stock market, buoyed by a Santa Claus rally and a banner year, will have one more day to extend its gains.
Both the New York Stock Exchange and Nasdaq will be open on New Year’s Eve. Bond markets will close early at 2 p.m. Friday.
The markets typically close on New Year’s Day but this year the holiday falls on a Saturday, when they would have shuttered anyway. Last week, the New York Stock Exchange and Nasdaq closed on Friday, Christmas Eve, in observance of Christmas, which also fell on a Saturday.
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The Dow Jones industrial average notched gains for seven straight trading sessions through Wednesday while the Standard & Poor’s 500 closed up six of the seven sessions as both indexes powered to record highs on generally encouraging COVID-related news despite the rapid spread of the omicron variant.
The S&P 500 was up 5.1% during that period and 28% for the year.
The markets will reopen Monday, Jan. 3.
►Are stores closed New Year’s Eve?:No, but hours are limited at Costco, Best Buy, Macy’s and more.