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How the 22-Hour Trading Day Could Reshape Markets
Manage episode 447631905 series 3578171
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The New York Stock Exchange’s (NYSE) newly proposed hours. The exchange currently offers trading from 4 a.m. to 8 p.m. Eastern time from Monday through Friday. But the NYSE just proposed to extend trading hours from 1:30 a.m. to 11:30 p.m. Eastern time.
That means the stock exchange would only be closed two hours per weekday.
This could have major implications for traders. More trading hours in the day means there’s more time to enter and exit short-term trades. And you may be surprised to hear what this means for traders.
Meanwhile, five of the “Magnificent Seven” tech stocks are reporting earnings this week. Oil had its worst day in two years after various bomb strikes in the Middle East. And more companies are looking to expand stock trading to a 24hour day.
It’s a packed week with many important headlines on deck. So Tim Bohen and Matt McCall decided to focus a few minutes of today’s new episode of the SteadyTrade Podcast on these topics.
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