rket As the year comes to a close, it’s time to set up new goals for 2019. And even though we often make new year’s resolutions focusing on our health and finances, what about our homes? Susana Victoria Perez has more.
Investors whose nerves have been tested by a down year for stocks will have one more full day of trading on New Year’s Eve Monday before closing the books on 2018.
The good news? Traders and 401(k) investors will get a day off on Tuesday, Jan. 1, as the New York Stock Exchange and Nasdaq will both be closed for New Year’s Day.
Bond investors, however, should know that the Securities Industry and Financial Markets Association, or SIFMA, recommends an early 2 p.m. close for fixed-income markets on New Year’s Eve.
Full trading of stocks and bonds will resume in 2019 on Wednesday, Jan. 2, giving investors a first look at how markets – which were wildly volatile in 2018 – will fare in the new year.
Heading into the final full day of trading on New Year’s Eve, the Dow Jones Industrial Average is down 6.7 percent in 2018, on track for its worst annual performance since 2008.
Market volatility is expected to persist in 2019 as investors continue to weigh the impact of rising interest rates, slowing economies around the world and await the outcome of the U.S.-China trade skirmish.
