As Columbus Day approaches, investors and market participants are preparing for a unique trading environment. This US holiday, observed on Monday, October 14, 2024, will see a mix of open and closed financial markets, impacting trading activity.

The New York Stock Exchange and Nasdaq Stock Market will be open as usual on Columbus Day, a federal holiday commemorating Christopher Columbus' landing in North America in 1492. Over-the-counter (OTC) markets will also remain open, while bond markets will remain closed. The US Postal Service and the Federal Reserve will not operate, and many banks will follow suit.

In some states, the day is also recognized as Indigenous Peoples Day and celebrates the resilience of Indigenous communities.

See also: Bitcoin, Ethereum and Dogecoin post Friday gains, but trader warns: “$59,000 must be held, no major moves expected.”

Internationally, trading will continue as usual in most markets, with the exception of Toronto Stock Exchangewhich will be closed for Canadian Thanksgiving.

Investors should prepare for a busy week with earnings reports from major companies such as: B. set UnitedHealth Group UNH, Johnson & Johnson JNJ, Bank of America Corp. BAC, Abbott Laboratories DEPTAnd Taiwan Semiconductor Manufacturing Company Ltd TSM. Additionally, key economic data, including unemployment claims, retail sales and housing starts, will provide insight into the current economic situation.

Price promotion: On Monday during premarket hours, at the time of writing, SPDR S&P 500 ETF Trust SPY traded slightly higher, about 0.22% Invesco QQQ Trust, Series 1 QQQ rose 0.32%, according to Benzinga Pro.

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This story was created with Benzinga Neuro and edited by Pooja Rajkumari