The stock market is closed on certain holidays to give traders and investors a break and to allow financial institutions to perform necessary maintenance and updates, or general holidays. The day after Christmas, December 26th, is one of the nine holidays on which the stock market is closed.
Futures markets, on the other hand, are open on a limited schedule, even on holidays. Futures contracts are agreements to buy or sell a specific asset at a predetermined price at a future date. Because they are traded electronically, they can be bought and sold around the clock, with the exception of certain holidays and weekends.
On the day after Christmas, December 26th, the futures market will open at 6pm Eastern Standard Time (EST). This is because the futures market observes limited hours on holidays, and the opening time on December 26th is 6pm EST. The futures market will close at its normal time on December 26th, and will be open for regular trading hours on the following day, December 27th.
Happy Trading!
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