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cjgaddy

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cjgaddy

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Friday, 12/31/2010 10:02:47 AM

Friday, December 31, 2010 10:02:47 AM

Post# of 346339
I figured the Nasdaq/NYSE OFF today for New-Years. When I saw trading, I figured they’d be OFF on Monday instead. Then, come to find, Neither! No stock-exch. “Holiday” for New-Years this year, due to:

New Years' Day (January 1) in 2011 falls on a Saturday. The rules of the applicable exchanges state that when a holiday falls on a Saturday, we observe the preceding Friday unless the Friday is the end of a monthly or yearly accounting period. In this case, Friday, December 31, 2010 is the end of both a monthly and yearly accounting period; therefore the exchanges will be open that day and the following Monday.
http://www.nyse.com/about/newsevents/1176373643795.html
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