Is the Stock Market Open On Presidential Inauguration Day?
Stock market investors are certain to be holding their breath as a new era begins on January 20. Gone are the days of Barack Obama, the even-keeled, cool-headed, “Spock-like” President. Now, we’ll be welcoming in a decidedly different type of man. Donald Trump’s inauguration day will be mark the beginning of a new direction in U.S. policy, and, more importantly for our readers, the stock market.
How will the NYSE and NASDAQ respond? Will the markets continue to be bolstered by a Trump presidency, or will a decline following his ascendancy? What does the future hold for investors and shareholders? And how long will you have to wait to find out those answers? That leads us to the most immediate question: is the stock market open on Presidential inauguration day?
NYSE and NASDAQ Open Today?
So, is the stock market open on Presidential inauguration day? In a word, yes. But looking more deeply, what will fluctuations in the market mean on the first day of Trump’s administration?
We’ve seen in the past the effect that a few early-morning tweets can have on the market, so an inauguration day filled with presidential interactions with the global media (not to mention a good bit of pomp and circumstance) has a fair chance to sway markets, either for ill or good. While Donald Trump’s past pre-written statements have often taken on a more measured tone, the man is anything but predictable. Such uncertainty could result in dramatic shifts in the market, which makes the ability to trade on inauguration day crucial.
Now that you no longer have to ask, “is the stock market open today?,” you’re free to trade, bearing in mind that markets are unpredictable and that a President doesn’t always have the sway over them that we anticipate.