Finance

Will the stock market be open on Good Friday?


Here’s how Good Friday affects U.S. markets. – Yana Paskova/Getty Images

US stock market Will be closed on Friday, March 29 is Good Friday, and The $27 trillion Treasury market ended business earlier Thursday at 2 p.m. Eastern Time For the holidays.

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Stocks rebounded strongly in the first quarter, despite a brief pause in gains earlier this week.

The S&P 500 index SPX rose 10.2% in the first quarter, its best three-month start to the year since 2019, according to Dow Jones Market Data.

According to FactSet data, the Nasdaq COMP index rose 9.1% this quarter, and the Dow Jones Industrial Average DJIA rose 5.6% during the same period.

The three major U.S. stock indexes regained all-time highs in the first quarter after going through a difficult period two years ago.increase rates Fight stubbornly high inflation.

The economy continues to grow even though the Federal Reserve’s policy rate is at its highest level in nearly a quarter-century and the benchmark 10-year Treasury yield is near 4.2%. Rising for two consecutive quartersinvestors are still Worried about the Fed Turning to rate cuts later this year, all eyes are on a possible rate cut in June.

Thursday’s economic data showed Consumers have a positive view While the economy is growing, we are also confident that inflation will continue to ease.

Major stock exchanges will be closed on Friday, but there will be new data on inflation with the release of February’s PCE indicator, the Fed’s preferred index of inflation.is expected to climb on a monthly basis, but The annual interest rate remains at 2.8%.

Investors will also hear from Federal Reserve Chairman Jerome Powell on Friday, who is scheduled to speak at 11:30 a.m. ET.

read: The Fed’s former No. 2 man says this is how the central bank will justify summer rate cuts

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