US Stock Market Closed February 19 for Presidents' Day, May See Pre- and Post-Holiday Trading Effects
• The U.S. stock market will be closed on February 19, 2024 for Presidents' Day
• The "holiday effect" refers to pre-holiday market rises and post-holiday price drifts
• Pre-holiday gains are linked to higher consumer confidence and spending around holidays
• Post-holiday drifts may occur when traders take time off, allowing others a tactical advantage
• TipRanks provides stock research updates, including around market holidays