WASHINGTON, January 11, 2017 – We don’t have much in the way of trading diary-worthy action today, given the market’s irregular run-up to next week’s holiday- and Inauguration Day-riddled potential.
As we’ve already seen Wednesday morning, incoming President Trump’s, umm, straightforward remarks are likely to deal at least one- or two-day howitzer hits in stock categories he’s not happy with. Pharmas have taken a heavy hit today, along with selected aerospace firms, given the President-elect’s negative comments on both industries. These areas, perhaps, will continue to be vulnerable to headline risk until Mr. Trump is able to engage them on “the art of the deal.”
For now, let’s take a look at how next Monday’s MLK Day holiday will alter trading in the late part of this week and early next week:
MONDAY, JANUARY 16, 2017
All U.S. markets (equity, option, and fixed income) will be closed in observance of Martin Luther King, Jr. Day. Additionally, no pre-market or after hours trading sessions will take place. Canadian markets will be open on Monday January 16, 2017. But Canadian equity orders placed after the close of the U.S. markets on Friday, January 13, 2017, will route to the Canadian exchanges on Tuesday, January 17, 2017.
Settlement dates for equity orders:
|Trade Date||Settlement Date|
|Wednesday, January 11, 2017||Tuesday, January 17, 2017|
|Thursday, January 12, 2017||Wednesday, January 18, 2017|
|Friday, January 13, 2017||Thursday, January 19, 2017|
Note: If you’re adding or withdrawing funds based on trades, be sure to check with your broker to confirm settlement dates as various brokerage in-house rules may occasionally vary.
Copyright 2017 Communities Digital News
This article is the copyrighted property of the writer and Communities Digital News, LLC. Written permission must be obtained before reprint in online or print media. REPRINTING CONTENT WITHOUT PERMISSION AND/OR PAYMENT IS THEFT AND PUNISHABLE BY LAW.
Correspondingly, Communities Digital News, LLC uses its best efforts to operate in accordance with the Fair Use Doctrine under US Copyright Law and always tries to provide proper attribution. If you have reason to believe that any written material or image has been innocently infringed, please bring it to the immediate attention of CDN via the e-mail address or phone number listed on the Contact page so that it can be resolved expeditiously.