US exchanges close down for Good Friday
According to the long-standing tradition, US exchanges suspends operations on Good Friday. European exchanges will not be operating on Easter Monday.
Earlier President Trump has stated, that Easter would be “beautiful” time to reopen the American economy. The target proved to be too ambitious, even though, according to new reports, the pandemic in the country seems to be leveling off.
The Good Friday is one of official federal holidays in the United States, yet it is not considered to be an official vacation on Wall Street - same as Veterans Day and Columbus Day. The major data packages - consume-price index, consumer goods weighted-average array - will still be released despite the traders not working.
The regulators have advised the dealers to stop work at 2 PM Eastern time on April 9 and stay closed on Friday.
The NY Stock Exchange will be closed on April 10. The exchange has been closing down on every Good Friday since 1889. The only two exceptions have been made in 1906 and in 1907.
Stock trading is also expected to be limited during Passover, which starts on April 14 and ends on April 16.