Is the Stock Market Open on Presidential Inauguration Day?
Change is coming to America.
January 20 marks the end of eight years of Barack Obama, and a new day in the United States. The Donald Trump presidential inauguration will be certain to carry a lot of drama, as supporters and protesters clash in Washington, and presumably all across the country.
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But, dispensing with the politics, let’s get down to brass tacks, namely the markets. Analysts are split on what the result of the new administration will be on the stock markets, but markets are at all-time highs, and Donald Trump may be the stimulant that markets will need to keep on surging. But on inauguration day, how should you trade? And more importantly, can you trade? Is the stock market open on presidential inauguration day?
NYSE and NASDAQ Open Today?
A question that should be on every investor’s mind is: “Is the stock market open on presidential inauguration day?” Fear not, intrepid stock junkies, the markets are indeed operating.
And the hype is building surrounding just what presidential inauguration day will mean for the NASDAQ, NYSE, S&P 500, and the Dow Jones.
The Dow Jones Industrial Average (DJIA) is up about five points. The S&P 500 had a nominal gain of less than 0.1%. The NASDAQ composite outperformed, advancing approximately 0.2%.
“The stock market tends to like a straightforward story so if the new administration concentrates on its pro-growth policy actions, the narrative stays relatively simple and shares may find good reasons to continue their climb,” said Robert Landry, portfolio manager at USAA, in a note. (Source: “Stocks mixed as Inauguration Day approaches; industrials jump 1 percent,” CNBC, January 19, 2017.)
But that’s all small potatoes compared to what Donald Trump inauguration day truly represents. It will mean a new direction for the markets to follow under a totally different leadership style than Obama, and we can expect to see some major shifts in the markets beyond January 20, hopefully in keeping with some of the all-time highs we’ve been experiencing since Trump’s victory. Starting January 20, there’s a new president in town, and markets will be sure to reflect that in the near future.
