November 15, 2020 | AtoZ Markets – Black Friday is always held the day after Thanksgiving. It is one of the most important days for all retailers worldwide - and for good reason. It is the day wholesale stores normally start to turn their profit for the year!
But what are the explanations behind the origin of the name? What are the trading hours on Black Friday 2020?
We’ll find out. But first, a history lesson.
What is Black Friday?
Black Friday was originally the term used to describe the stock market collapse of 1869 when American investors Jay Gould and James Fisk caused a financial meltdown after a failed attempt to corner the gold market.
The modern concept of Black Friday, however, came about in the 1940s to entice people to the stores the day after Thanksgiving. Named for its tendency to contribute to traffic accidents, Black Friday later took on a new meaning as companies expected to make enough sales to put them ‘in the black’, or profitable, for the year.
It was not until the 1980s, however, that retailers began to slowly use the day as a marketing tool, culminating in its widely-held status as the most popular shopping day of the year in the 2000s. Today, Black Friday is more than just a US-based tradition; it has spread to some 20 other countries, including Mexico, Russia, and Nigeria.
When is Black Friday 2020?
Black Friday is November 27.
Cyber Monday follows Black Friday on November 30 and is traditionally the day where you can get the best deals online shopping. The shopping period is seen by some analysts and market commentators as providing a measure of economic prosperity. That measure can then be used to predict the performance of other assets such as stocks.
What time does the stock market open & close on Black Friday?
The stock market open on Black Friday is 9:30 EET (Eastern European Time) as normal, but the market closes at 1pm. The market is closed for the whole of Thanksgiving.
Trading hours on Black Friday 2020
On Black Friday, traders have to pay attention to the revised trading hours (EET time):
These are general guidelines for the normal trading hours during the holiday period. Your broker might have slightly different trading hours. AtoZ Markets encourages you to contact your broker for more clarity, regarding trading times of specific instruments you wish to trade.
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