One might think that since the market is digital, it never closes! ๐
But, this is false! โ
The stock market actually opens and closes ๐ฎ
US markets are open on a schedule, just like other businesses! ๐ผ
Thatโs the New York Stock Exchange (NYSE) and the Nasdaq ๐๏ธ
Both are regularly open from 9:30am EST to 4:00pm EST on weekdays โ๏ธ
Thatโs 6:30am PST to 1:00pm PST ๐
In addition, markets are open for extended hours trading from:
4:00am EST to 9:30am EST (pre-market)
and 4pm EST to 8pm EST (after-hours)
During extended hours, you can still place trades, but because there are less other people trading, orders may take longer to fill โ
Wanted to buy a stock, but didn't make it before the market closed? ๐ฅ
Donโt worry! Your order will go through as soon as the market opens again! ๐
In other countries, stock market hours are different & based on their own time zones ๐
For example, the London Stock Exchange is open from 8:00 AM to 4:30 PM GMT ๐โโ๏ธ
Understanding when the market is open is important knowledge for every investor ๐ง
Now you know why your stocks orders might not go through instantly! โก