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Times Square in New York City on Tuesday.
Angela Weiss / AFP through Getty Images
We are almost there – 2020 is almost in the books. Last year will probably be unforgettable, although especially for the wrong reasons. The Covid-19 pandemic has affected every aspect of life.
Small businesses, forced to shut down and limit their ability to slow the spread of the virus, have been hammered out. The same goes for tourism and leisure companies, as well as cinemas and other live event companies.
For investors, the last 12 months have included a record for stocks, followed by a bear market, then another record. Much has happened between them, including billions of dollars in government aid and historic intervention by the Federal Reserve. Meanwhile, e-commerce stocks, technology firms that facilitate work from home and home entertainment stocks have flourished.
For now, investors will have free time for New Year’s Day.
Are the New Year 2020 markets open? Are they closed on New Year’s Day 2021?
The New York Stock Exchange and the Nasdaq are open for New Year’s Eve, but will close on January 1st. The same goes for the US stock market. US bond markets will close at 14:00 on December 31 and all day on New Year’s Day.
Will international markets be closed on New Year’s Eve? How about New Year’s Day?
The Toronto Stock Exchange will close at 13:00 EST on New Year’s Eve and on January 1st. The London Stock Exchange will close at 12:30 GMT on New Year’s Eve.
The Hong Kong Stock Exchange will close at noon local time on New Year’s Eve and will close on January 1. The Shanghai Stock Exchange will open on December 31, but will close on January 1. both days.
What can I expect next year?
The last 12 months have shown, if more evidence was needed, there are many things you can’t predict. Investors are looking forward to the new year with some optimism, based on the hope that vaccines can end the pandemic.
Earlier this month, Barron’s published our annual survey of market strategies and chief investment officers of large banks and money management firms. The 10 experts have S&P 500 forecasts at the end of 2021, which range from 3,800 to 4,400. The average default gain is 9% or 10% to 11% when it includes expected dividends.
Regarding stocks, Barron’s Highlighted
Berkshire Hathaway
(BRK. B), the father of Google
Alphabet
(GOOGL)
Apple
(LPAA)
Coca Cola
(KB)
Merck
(MRK),
Goldman Sachs Group
(GS) and
Newmont
(NOT).
Since closing on Wednesday,
S&P 500
the index increased by 15.5% to 3732.04 in 2020. Here we hope that 2021 will prove happier and healthier.
Write to Connor Smith to [email protected]