New York Stock Exchange closed for Thanksgiving, Bitcoin Rises; Trump Calls for Immigration Policy Review
On November 27th (local time), the New York Stock Exchange was closed for Thanksgiving. As a federal holiday, both the stock and bond markets were closed. The New York Stock Exchange will resume trading on November 28th, but will operate with reduced hours, closing at 1:00 PM. Normal trading hours will resume on December 1st.
New York Stock Exchange Closes Early at 1:00 PM on November 28th
The New York Stock Exchange was closed on November 27th to observe Thanksgiving. Trading will resume on november 28th, but will close early at 1:00 PM. The U.S. bond market will also close at 2:00 PM on this day.
prior to the Thanksgiving holiday, the New york stock market experienced four consecutive days of gains. On November 26th, the Dow Jones Industrial Average closed at 47,427.12, a 0.67% increase from the previous day. The S&P 500 index rose 0.69% to 6812.61, and the Nasdaq Composite index increased by 0.82% to 23,214.69.
While the stock market was closed, cryptocurrency markets, which operate 24/7, continued to rise. According to Coinbase,a U.S.-based virtual asset exchange, Bitcoin was trading at $91,334 as of 8:40 AM on november 28th, up 1.08% from the previous day.
Trump Responds to White House Shooting,Calls for Review of Immigration policies
The shooting incident targeting the National Guard in Washington,D.C. has prompted the Donald Trump administration to consider strengthening its anti-immigration policies.
U.S. Citizenship and Immigration Services (USCIS) Director Joseph Edlo announced on November 27th (local time) a review of immigration policies.While Director Edlo did not specify which countries were of concern, CNN reported that USCIS has identified 19 countries for potential restrictions.
These countries were previously subject to complete or partial travel bans issued by President Trump through a proclamation in June. The initial list included 12 countries, including Iran, Yemen, Afghanistan, Myanmar, Chad, the Democratic Republic of the Congo, and Equatorial Guinea.