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Market Extra: Which markets are closed on Thanksgiving?

U.S. financial markets are closed on Thursday for the Thanksgiving Day holiday. But the market has another reason to be thankful on Friday.

Since 1992, stock exchanges have adhered to an abbreviated trading schedule the Friday after Thanksgiving in the U.S. The key driver for the abbreviated session is the ghost-town trading atmosphere that typically ensues the day after all the cranberry sauce and stuffing have been devoured.

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The New York Stock Exchange and the Nasdaq will close at 1 p.m. Eastern time on Friday.

Overall, trading activity on the Wednesday before Thanksgiving and the Friday afterward are usually a fraction of what it is during normal, non-holiday trading periods.

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