US and Canadian Stock Markets Closed Monday February 20th, 2012 for Presidents Day and Family Day
Are US stock markets closed on Presidents day ?
Yes US stock markets are closed Monday Feb. 20th , 2012
Are Canadian Stock Markets closed on President’s day ?
Canada does not have president’s day but the Canadian stock markets are closed for Family Day for Feb. 20th, 2012
How do US Stock Markets perform before and after Presidents day?
The average pre-holiday results for 50 years , based on S&P 500 index look like this
buy 2 days before , sell at year end ( return of -0.1%)
buy 1 day before President’s Day , sell at year end ( return 12.2% )
President’s Day %’s are usually down the following 3 days on S&P , DJIA , Nasdaq and Russell 2k
You can see the exact # ‘s and data at the link below:
Some of the better holiday stock effects happen Independence Day, Labor day & New Years or pre – Election Day (keep that in mind this year )
You can see all other holiday stock market effects and more detailed data here:
Why is Presidents Day also known as Washington’s Birthday?
The 3rd Monday of Feb. is officially Washington’s Birthday. But many Americans believe that this holiday is now called “Presidents Day,” in honor of both Presidents Washington and Lincoln, whose birthdays are Feb. 22 and Feb. 12, respectively. It turns out that whether you honor one or the other or both of these presidents may depend on where you live.
If you check the NYSE Euronext site , they still call the holiday Washington’s Birthday : http://corporate.nyx.com/holidays-and-hours/nyse
Hope you found this helpful
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