« Google and The Future of Newspapers, Not Again | Main | Goldman Sachs Program Trading »
Sunday
Apr192009

Quoted: Reuters - Why does the Market Close on Good Friday

DateApril 19, 2009 at 3:00 PM

Why is Good Friday a Stock Market Holiday

I had a couple different friends ask me why Good Friday was a New York Stock Exchange holiday but not a bank or Federal holiday.  I wrote something for the Kapitall company blog and Reuters.com picked up.  My research required me to go back into New York Times archives from a hundred years ago.  I have several theories about Good Friday; Felix Salmon quoted my favorite:
“Two or three years in a row during the 1890’s, there was a big drop in the market on Good Friday. Traders took it as a sign from God that he didn’t want the exchange open."
AuthorDavid Neubert | CommentPost a Comment |
in , ,

Reader Comments

There are no comments for this journal entry. To create a new comment, use the form below.

PostPost a New Comment

Enter your information below to add a new comment.

My response is on my own website »
Author Email (optional):
Author URL (optional):
Post:
 
Some HTML allowed: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <code> <em> <i> <strike> <strong>

Notify me of follow-up comments via email.