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With stocks trading near record highs, traders have a lot to be thankful for this Thanksgiving.
And they’ll have had plenty of time to reflect on their good fortune (or not) with markets closed Thursday in observance of Thanksgiving — plus, as has been the case since 1992, the stock exchanges observe an abbreviated session on Black Friday, the traditional kickoff to the holiday shopping season.
On the day after Thanksgiving, stock-trading volumes are typically half of the level of a standard trading session.
Read: Will Santa Claus save the stock market’s ‘Trump rally’?
The New York Stock Exchange and the Nasdaq will close at 1 p.m. Eastern time on Friday, while the Securities Industry and Financial Markets Association recommends a 2 p.m. Eastern closure for bond markets. Sifma also recommended that markets close on Thursday.
There was no U.S. floor trading for metals and energy futures on Comex and the New York Mercantile Exchange on Thanksgiving Day. And futures exchange operator CME Group mandates an early close of 1:45 p.m. Eastern for its energy and metals trading businesses that day.
And for what it’s worth, livestock futures close at 1:15 p.m. Eastern on Friday, while lumber trading wraps up at 1 p.m. Eastern.
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