Wednesday, December 24, 2014

Not a Creature Was Stirring

Happy Christmas Eve! You probably have better things to do today than watch the movement of the stock market, and it's just as well. Not only do most of the stock traders also have more important things to do, but the market closes early today: The New York Stock Exchange will shut its doors at 1 p.m.

So as you might guess, next to nothing ever happens in the market on Christmas Eve. Over the past ten years, the S&P 500 has seen an average gain of a microscopic 0.03 percent on December 24.

Last Christmas Eve the S&P gained 0.3 percent. The biggest move in the past ten years on today's date was a 0.8 percent gain in 2007. So if you have presents to wrap or baking to do - feel free to focus on that today, and don't worry about what the market will do.

No comments:

Post a Comment