Stock market exchanges are where stocks and financial assets are traded throughout the day. The main stock exchanges around the world include the London Stock Exchange, New York Stock Exchange and Shanghai Stock Exchange.

With more than 24 time zones across the world, financial markets can be trading at any given time. Once the Australian and Asian markets are closed, a new session starts as the United States and Europe prepare to open. Most markets only operate on normal trading hours, on weekdays while some markets offer pre-market and after-hours trading.

How do Stock Exchanges Work? 

Various financial instruments are all traded on the stock exchange such as stocks, derivatives and commodities among others. The role of an exchange is to provide investors and traders with fair trading experience. Trading normally takes place between Monday and Friday. In order to access the financial markets you will need to have a trading account with a broker. 

Why do stock exchanges have different trading hours?

Stock markets are open according to the country’s relevant timezone, during the country’s markets hours it will have a high level of its own residents trading as well as international market participants. Having certain market hours will ensure that there is a high level of liquidity for each market. 

What happens if you place a trade outside of market hours? 

If you do place a trade outside of market hours then the order will be added to a queue, once the market opens then the order will be executed. It is important to note, that if this does happen then the trader can experience slippage from when they first placed the order to when it was actually executed. 

Australia

The Australian stock exchange (ASX) is based in Sydney and operates normal account wells fargo bank hours between 10am-4pm Australian eastern standard or daylight time. Pre-opening takes are us markets open today between 7amam, where brokers can enter orders into the ASX Trade in preparation for the market opening. In this time, investors can also enter orders on-line, which are queued and traded upon opening. Overnight trading refers to trading during the ‘adjust phase’ between pm-5pm, where brokers can cancel or amend orders, etc. New orders are not taken at this time.

United States

The New York Stock Exchange (NYSE) and the Nasdaq operate its core trading hours between am-4pm U.S. eastern time. This is after midnight in Sydney, Australia. Orders on the NYSE can be entered during a pre-opening session between amam U.S. eastern time. The Are us markets open today opening schedule is earlier, with pre-market trading beginning at am U.S. eastern time, exactly midnight in Orange and rockland power outage, Sydney & Brisbane Standard Time.

Europe

The London Stock Exchange has slightly longer trading hours, operating between ampm. During Australian Daylight-Saving Time, London is hours behind Sydney. Therefore, the London session kicks off at 7pm AEST.

The Euronext Paris Stock Exchange and the Frankfurt Stock Are us markets open today (Xetra) are open between ampm. France and Germany are an hour ahead of London, due to different time zones.

Asia

The Tokyo Stock Exchange (TYO) in Japan is the biggest stock exchange in Asia, and home to the Nikkei The TYO is unemployment card services phone number between ampm on weekdays with a lunch break between ampm. Most stock markets in Asia close for lunch whilst the rest of the world continuously trades between from the opening bell to the closing bell.

The Hang Seng Index trades on the Stock Exchange of Hong Kong Limited (SEKH). This exchange opens between ampm with a minute lunch break between midday to pm. There’s a pre-opening session between amam and a closing auction session between pmpm.

In Shanghai, the Composite Index trades on the Shanghai Stock Exchange. The exchange is open Monday to Friday, between ampm with a minute lunch break between ampm. Nyseg customer service bill pay Shenzhen Stock Exchange is China’s second independently-operated exchange, trading the same hours as the Shanghai Stock Exchange.

What is GMT?

GMT is the time at the Royal Observatory in Greenwich, London. The time here is used as a benchmark against all other time zones across the globe. During Australian daytime saving time, GMT is 11 hours behind Melbourne and Sydney. Therefore, the platform time for MetaTrader 4 and MetaTrader 5 is 9 hours behind Melbourne and Sydney (GMT +2 hours). Using this time zone also coincides with the closing time of the New York Stock Exchange, being 5pm EST.

Daylight saving

The time zone changes periodically with different daylight-saving times, so for example in winter, the platform time changes to GMT +3 hours. The time zone changes twice a year to stay in line with the NYSE. In New York will begin daylight saving on Sunday, March 14, where clocks will be turned forward an hour at 2am. Then again on November 7 inwhere clocks will be turned back an hour. The time adjustment briefly affects trading on MetaTrader the following Monday, with CFD indices opening an hour later than normal. Trading hours then resume back to normal until the end of daylight saving.

There will be no trading on bond markets Thursday when the country observes Veterans Day, paying its respects to those who served in the U.S. military.

However, the stock market, with trading on the Dow Jones Industrial Average, S&P and Nasdaq, will remain open from a.m. to 4 p.m. ET.

MarketWatch notes that private banks may choose to close, remain open or shorten their hours, while the Federal Reserve and all of its offices and branches are us markets open today closed on all federal holidays like Veterans Day.

And, there will be no mail delivered on Thursday but you might still get packages from UPS, Fedex and other delivery services that are staying open.

►Veterans Day free food: Where can veterans get free food on Veterans Day? IHOP, Denny's, Wendy's, Applebee's and more.

►Veterans Day What's open and closed on Thursday?

MarketWatch also reported that Veterans Day formerly was celebrated by stock and bond markets alike, starting as far back aswhen Veterans Day was declared a legal holiday. The stock market used to observe Veterans Day with a brief two-minute shutdown from tobut that ended in

Have a tip on business or investigative stories? Reach the reporter at [email protected] or  or on Twitter @CraigHarrisUSAT 

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Investors will find that the Easter holidays will start early this year, with the markets closed on Good Friday, which falls on April 2. The bond market has closed on Maundy Thursday, in years past, but this year, it will remain open and instead close at noon on Good Friday. But will the stock market open on Easter Monday? The short answer: yes. The stock market will are us markets open today back to business as usual on Monday, April 5, after the Easter holiday.

Plan your investment schedule for with a complete list of holidays the stock market closes, plus learn more about why the markets don’t close on Easter Monday:

What Days Are the Stock Markets Closed?

The Dow, Nasdaq, S&PNew York Stock Exchange and other indexes all follow a holiday schedule that closely aligns with federal holidays recognized by banks and other financial institutions. The stock markets might also close in observance of important national events, such as the death of a president. When a holiday falls on a weekend, this is the typical rule:

• If a holiday falls on Saturday, markets close the Friday before.
• If a holiday falls on Sunday, markets close the following Monday.

Based on this rule, you’d think the stock markets would close on Monday, April 5, because Easter Sunday is the day before. But since Good Friday is such an important part of the Easter holiday, that’s the day indexes have decided to close, making Easter Monday the exception to the rule.

On What Holidays Are the Stock Market Closed?

Following Good Friday, the next stock market holiday closure in will be Monday, May 31, for Memorial Day. Here’s a list of the nine federal holidays the stock market closes every year:

• New Year’s Day
• Martin Luther King, Jr. Day
• Presidents Day
• Good Friday
• Memorial Day
• Independence Day
• Labor Day
• Thanksgiving
• Christmas Day

Federal Holiday Closures for Banks and the Stock Market

The following chart lists federal holiday closures forincluding stock markets, bond markets and banks:

This article has been updated with additional reporting since its original publication.

Trading hours in North America

North America boasts two of the largest stock exchanges in the world: the New York Stock Exchange (NYSE) and the NASDAQ. They trade from am to 4pm local time ( to 9pm GMT), Monday to Friday, and do not stop for lunch.*

The NYSE and NASDAQ both offer after-hours trading between 4pm and 8pm local time (9pm to 1am GMT).* This means that trades can still be executed after the exchange itself has shut for the day by using electronic communication networks which match buyers and sellers automatically.

By extending their market opening times in this way, the NYSE and NASDAQ ensure that a higher number of trades can be processed in a single day, often entirely by these electronic systems. However, the risk of trading during extended hours is that there may be less liquidity in the markets because the majority of are us markets open today will have stopped trading for the day. Equally, orders may be partially filled, meaning that a seller might get a worse price than they had expected for their sale.

American markets are also closed for public holidays, some of which include Thanksgiving (fourth Thursday of November), New Year’s Day (1 January), Independence Day (4 July) and President’s Day (third Monday in February).

The other major stock exchange on the North American continent is that in Toronto, Canada’s largest city. The Toronto stock exchange operates during the same hours as the NYSE and the NASDAQ, and it is also closed on public holidays. In Canada, these include Thanksgiving (second Monday in October for Canada), Remembrance Day (11 November), Boxing Day (26 December) and Canada Day (1 July).

Ready to start trading North American shares? Open a live account with IG.

Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: © Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its us bank new account. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks homes for sale in natomas sacramento ca Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC and/or its affiliates.

© Cable News Network. A Warner Media Company. All Rights Reserved.
CNN Sans™ & © Cable News Network.

Wealth Management

Similar to most companies, the major stock markets in the U.S. are only open are us markets open today trading on normal business days only—Monday to Friday, except on holidays. In terms of holidays, both the New York Stock Exchange (NYSE) and the NASDAQ have very similar schedules to that of the federal government's holiday schedule (with a few exceptions):

For the complete lists of the specific days when the NYSE and NASDAQ are closed, see the NYSE holiday page and the NASDAQ trading schedule.

Foreign Stock Markets

Investors and traders with positions in foreign stocks need to keep in mind that not all countries have the same holidays: foreign stock exchanges may continue to trade on days that the U.S. markets are closed and vice versa. 

For example, since Canadian Thanksgiving day is a different day compared to the U.S. Thanksgiving (the second Monday in October, compared with the fourth Thursday in November), all Canadian listed stocks on the Toronto Stock Exchange (TSX) would not be trading on Canadian Thanksgiving but would continue trading on the date the American Thanksgiving falls upon.

Other Financial Markets

The holiday closings of the U.S. bond market exchanges are more loosely governed and tend to follow the recommendations of the Securities Industries and Financial Markets Association (SIFMA). They do, however, parallel those of the equity exchanges above, though Indigenous People’s Day and Veterans Day are included in the SIFMA recommendations, and thus, are us markets open today bond market is closed on these days.

Another market that many investors follow is the Chicago Board Options Exchange (CBOE). These also parallel the NYSE and NASDAQ holidays. Like many employers, CBOE grants an extra weekday day off if a holiday falls on a weekend. If a holiday falls on Saturday, CBOE closes the preceding Friday and if it falls on a Sunday, CBOE markets are closed the Monday after. Trading sessions tend to close early the day before a holiday, too.

Facts About Trading Around Holidays

Seasonality can sometimes play a part in a trading strategy. Some holidays in the U.S. market provide periods of decreased trading volumes, as many investors and traders are busy with vacations and family plans. There tends to be little business news released right before a holiday, too.

The S&P tends to trade at a loss on the last trading day of the year and gains on the first day of the new year. Trading days before and after Jan. 1 can be affected by tax gain/loss harvesting and portfolio rebalancing.

Sometimes the pattern is reversed, with advances the day before the holiday and declines the day after. There are usually gains on the Thursday before Good Friday and losses on the trading day after. Presidents' Day tends to have losses on both days, before and after. In are us markets open today, both Christmas and Thanksgiving see gains on both days.

Trading hours in North America

North America boasts two of the largest stock exchanges in the world: the New York Stock Exchange (NYSE) and the NASDAQ. They trade from am to 4pm local time ( to 9pm GMT), Monday to Friday, and do not stop for lunch.*

The NYSE and NASDAQ both offer after-hours trading between 4pm and 8pm local time (9pm to 1am GMT).* This means that trades can still be executed after the exchange itself has shut for the day by using electronic communication networks which match buyers and sellers automatically.

By extending their market opening times in this way, the NYSE and NASDAQ ensure that a higher number of trades can be processed in a single day, often entirely by these electronic systems. However, the risk of trading during extended hours is that there may be less liquidity in the markets because the majority of people will have stopped trading for the day. Equally, orders may be partially filled, meaning that a seller might get a worse price than they had expected for their sale.

American markets are also closed for public holidays, some of which include Thanksgiving (fourth Thursday of November), New Year’s Day (1 January), Independence Day (4 July) and President’s Day (third Monday in February).

The other major stock exchange on the North American continent is that in Toronto, Canada’s largest city. The Toronto stock exchange operates during the same hours as the NYSE and the NASDAQ, and it is also closed on public holidays. In Canada, these include Thanksgiving (second Monday in October for Canada), Remembrance Day (11 November), Boxing Day (26 December) and Canada Day (1 July).

Ready to start trading North American shares? Open a live account with IG.

The US stock market is open Monday to Friday from a.m. to p.m. Eastern Time.

Many stocks can also be bought and sold in extended-hours trading. Pre-market trading opens at a.m. and after-hours trading closes at 8 p.m.

Stock trading hours are usually noted in Eastern Time because that's the time zone of New York, where Wall Street is.

In other US time zones, the stock market opens at a.m. Central Time, a.m. Mountain Time and a.m. Pacific Time.

Here's an overview of stock market opening hours in different US time zones:

Stock market holidays in

On stock market holidays, the main US stock exchanges (NYSE and Nasdaq) close for the entire day.

These are all the planned stock market holidays in

• New Year's Day: January 1 (Friday)
• Martin Luther King, Jr. Day: January 18 (Monday)
• Presidents' Day: February 15 (Monday)
• Good Friday: April 2 (Friday)
• Memorial Day: May 31 (Monday)
• Independence Day: July 5 (Monday)
• Labor Day: September 6 (Monday)
• Thanksgiving Day: November 25 (Thursday)
• Christmas Eve: December 24 (Friday)

In addition, the market will close at p.m. EST on Black Friday (November 26).

These holidays are identical for both the NYSE and Nasdaq. However, bond markets may have different holidays and trading hours than stock exchanges.

Worldwide stock market opening hours

Stock markets outside the US have their own opening hours, in their own local times.

All of them are open Monday through Friday, but stock exchanges outside the US can have completely different holidays.

North America

• United States: The main US stock exchanges (NYSE and Nasdaq) are open from a.m. to p.m. Eastern Time on Monday through Friday.

• Canada: The Toronto Stock Exchange is also open from a.m. to p.m. local time, which is the same as Eastern Time.

Asia

• China: The Shanghai Stock Exchange opens at a.m. local time and closes at p.m. It closes between a.m. and p.m. for lunch.

• Hong Kong: The Hong Kong Stock Exchange opens at a.m. and closes at p.m. It is closed for lunch between a.m. and p.m.

• Japan: The Tokyo Stock Exchange is open from a.m. to p.m. but closed for lunch between and a.m. local time.

• India: The Bombay Stock Exchange is open between a.m. to p.m. local time. There is no lunch break.

Europe

• United Kingdom: The London Stock Exchange is open between a.m. and p.m. local time (GMT).

• Germany: The Frankfurt Stock Exchange (Börse) opens at a.m. and closes at p.m. local time.

• France: Euronext Paris opens at a.m. and closes at p.m. local time.

• Switzerland: The Swiss Exchange opens at a.m. and closes at p.m. local time.

Others

Australia: The Australian Securities Exchange opens at a.m. and closes at p.m. local time.

Futures trading hours

Types of securities called futures contracts can be traded almost around the clock Monday through Friday. For example, futures on the S&P Index (called E-mini S&P futures) can be traded from p.m. on Sunday to p.m. on Friday.

However, there is a break in E-mini futures trading between p.m. and p.m. each day.

Other types of futures contracts may have different trading hours, such as commodity and currency futures.

Option trading hours

Most options contracts on US stock exchanges can only be traded between a.m. and p.m. EST, the same as regular trading hours for stocks.

Cryptocurrencies

Most cryptocurrencies, including Bitcoin (BTC) and Ethereum (ETH) are traded around the clock, all year.

The bottom line

Knowing when the market opens and closes is important to know when to place your trades and check your positions.

If you submit an order outside of regular stock market hours, then the order may not get filled until the market opens.

Some brokers allow you to trade during extended hours, but this is not recommended for beginners. That's because there is less liquidity at this time, and your order may not get filled at a good price.

This page was last updated on January 1,

Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: © Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC and/or its affiliates.

© Cable News Network. A Warner Media Company. All Rights Reserved.
CNN Sans™ & © Cable News Network.

There will be no trading on bond markets Thursday when the country observes Veterans Day, paying its respects to those who served in the U.S. military.

However, the stock market, with trading on the Dow Jones Industrial Average, S&P and Nasdaq, will remain open from a.m. to 4 p.m. ET.

MarketWatch notes that private banks may choose to close, remain open or shorten their hours, while the Federal Reserve and all of its offices and branches are closed on all federal holidays like Veterans Day.

And, there will be no mail delivered on Thursday but you might still get packages from UPS, Fedex and other delivery services that are staying open.

►Veterans Day free food: Where can veterans get free food on Veterans Day? IHOP, Denny's, Wendy's, Applebee's and more.

►Veterans Day What's open and closed on Thursday?

MarketWatch also reported that Veterans Day formerly was celebrated by stock and bond markets alike, starting as far back as , when Veterans Day was declared a legal holiday. The stock market used to observe Veterans Day with a brief two-minute shutdown from to , but that ended in

Have a tip on business or investigative stories? Reach the reporter at mynew[email protected] or  or on Twitter @CraigHarrisUSAT 

FacebookTwitterEmail

Stock market exchanges are where stocks and financial assets are traded throughout the day. The main stock exchanges around the world include the London Stock Exchange, New York Stock Exchange and Shanghai Stock Exchange.

With more than 24 time zones across the world, financial markets can be trading at any given time. Once the Australian and Asian markets are closed, a new session starts as the United States and Europe prepare to open. Most markets only operate on normal trading hours, on weekdays while some markets offer pre-market and after-hours trading.

How do Stock Exchanges Work? 

Various financial instruments are all traded on the stock exchange such as stocks, derivatives and commodities among others. The role of an exchange is to provide investors and traders with fair trading experience. Trading normally takes place between Monday and Friday. In order to access the financial markets you will need to have a trading account with a broker. 

Why do stock exchanges have different trading hours?

Stock markets are open according to the country’s relevant timezone, during the country’s markets hours it will have a high level of its own residents trading as well as international market participants. Having certain market hours will ensure that there is a high level of liquidity for each market. 

What happens if you place a trade outside of market hours? 

If you do place a trade outside of market hours then the order will be added to a queue, once the market opens then the order will be executed. It is important to note, that if this does happen then the trader can experience slippage from when they first placed the order to when it was actually executed. 

Australia

The Australian stock exchange (ASX) is based in Sydney and operates normal trading hours between 10am-4pm Australian eastern standard or daylight time. Pre-opening takes place between 7amam, where brokers can enter orders into the ASX Trade in preparation for the market opening. In this time, investors can also enter orders on-line, which are queued and traded upon opening. Overnight trading refers to trading during the ‘adjust phase’ between pm-5pm, where brokers can cancel or amend orders, etc. New orders are not taken at this time.

United States

The New York Stock Exchange (NYSE) and the Nasdaq operate its core trading hours between am-4pm U.S. eastern time. This is after midnight in Sydney, Australia. Orders on the NYSE can be entered during a pre-opening session between amam U.S. eastern time. The Nasdaq opening schedule is earlier, with pre-market trading beginning at am U.S. eastern time, exactly midnight in Melbourne, Sydney & Brisbane Standard Time.

Europe

The London Stock Exchange has slightly longer trading hours, operating between ampm. During Australian Daylight-Saving Time, London is hours behind Sydney. Therefore, the London session kicks off at 7pm AEST.

The Euronext Paris Stock Exchange and the Frankfurt Stock Exchange (Xetra) are open between ampm. France and Germany are an hour ahead of London, due to different time zones.

Asia

The Tokyo Stock Exchange (TYO) in Japan is the biggest stock exchange in Asia, and home to the Nikkei The TYO is open between ampm on weekdays with a lunch break between ampm. Most stock markets in Asia close for lunch whilst the rest of the world continuously trades between from the opening bell to the closing bell.

The Hang Seng Index trades on the Stock Exchange of Hong Kong Limited (SEKH). This exchange opens between ampm with a minute lunch break between midday to pm. There’s a pre-opening session between amam and a closing auction session between pmpm.

In Shanghai, the Composite Index trades on the Shanghai Stock Exchange. The exchange is open Monday to Friday, between ampm with a minute lunch break between ampm. The Shenzhen Stock Exchange is China’s second independently-operated exchange, trading the same hours as the Shanghai Stock Exchange.

What is GMT?

GMT is the time at the Royal Observatory in Greenwich, London. The time here is used as a benchmark against all other time zones across the globe. During Australian daytime saving time, GMT is 11 hours behind Melbourne and Sydney. Therefore, the platform time for MetaTrader 4 and MetaTrader 5 is 9 hours behind Melbourne and Sydney (GMT +2 hours). Using this time zone also coincides with the closing time of the New York Stock Exchange, being 5pm EST.

Daylight saving

The time zone changes periodically with different daylight-saving times, so for example in winter, the platform time changes to GMT +3 hours. The time zone changes twice a year to stay in line with the NYSE. In New York will begin daylight saving on Sunday, March 14, where clocks will be turned forward an hour at 2am. Then again on November 7 in , where clocks will be turned back an hour. The time adjustment briefly affects trading on MetaTrader the following Monday, with CFD indices opening an hour later than normal. Trading hours then resume back to normal until the end of daylight saving.

Similar to most companies, the major stock markets in the U.S. are only open for trading on normal business days only—Monday to Friday, except on holidays. In terms of holidays, both the New York Stock Exchange (NYSE) and the NASDAQ have very similar schedules to that of the federal government's holiday schedule (with a few exceptions):

For the complete lists of the specific days when the NYSE and NASDAQ are closed, see the NYSE holiday page and the NASDAQ trading schedule..

Foreign Stock Markets

Investors and traders with positions in foreign stocks need to keep in mind that not all countries have the same holidays: foreign stock exchanges may continue to trade on days that the U.S. markets are closed and vice versa. 

For example, since Canadian Thanksgiving day is a different day compared to the U.S. Thanksgiving (the second Monday in October, compared with the fourth Thursday in November), all Canadian listed stocks on the Toronto Stock Exchange (TSX) would not be trading on Canadian Thanksgiving but would continue trading on the date the American Thanksgiving falls upon.

Other Financial Markets

The holiday closings of the U.S. bond market exchanges are more loosely governed and tend to follow the recommendations of the Securities Industries and Financial Markets Association (SIFMA). They do, however, parallel those of the equity exchanges above, though Indigenous People’s Day and Veterans Day are included in the SIFMA recommendations, and thus, the bond market is closed on these days.

Another market that many investors follow is the Chicago Board Options Exchange (CBOE). These also parallel the NYSE and NASDAQ holidays. Like many employers, CBOE grants an extra weekday day off if a holiday falls on a weekend. If a holiday falls on Saturday, CBOE closes the preceding Friday and if it falls on a Sunday, CBOE markets are closed the Monday after. Trading sessions tend to close early the day before a holiday, too.

Facts About Trading Around Holidays

Seasonality can sometimes play a part in a trading strategy. Some holidays in the U.S. market provide periods of decreased trading volumes, as many investors and traders are busy with vacations and family plans. There tends to be little business news released right before a holiday, too.

The S&P tends to trade at a loss on the last trading day of the year and gains on the first day of the new year. Trading days before and after Jan. 1 can be affected by tax gain/loss harvesting and portfolio rebalancing.

Sometimes the pattern is reversed, with advances the day before the holiday and declines the day after. There are usually gains on the Thursday before Good Friday and losses on the trading day after. Presidents' Day tends to have losses on both days, before and after. In contrast, both Christmas and Thanksgiving see gains on both days.