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South Korean memory chipmaker's US-listed stock price rose as high as $177 after pricing at $149
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SK Hynix began trading at $170 a share, above its initial public offering price of $149, in the latest test of investor demand for A.I.-related companies.
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The South Korean memory company's new American depositary receipts begin trading on Friday.
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Katie Stockton, of Fairlead Strategies, said she is seeing strong buying momentum in the healthcare, industrial, biotech, insurance and utility sectors
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While the fall equinox is still a few weeks away, the unofficial end of summer - also known as Labor Day - is upon us. That means a three-day weekend for investors and traders. The stock market is closed for 2022's Labor Day, which falls on Monday, Sept. 5, this year.
For those that may be interested, the bond market is closed for the holiday, too.
Unlike some market holidays, however, there are no early hours ahead of Labor Day. The New York Stock Exchange (NYSE), Nasdaq Stock Market and bond market all have regular trading hours on Friday, Sept. 2.
SEE MORE Hedge Funds' 21 Top Blue-Chip Stocks to Buy Now
Also note that a thin earnings calendar typically accompanies the Labor Day holiday.
As a reminder: Labor Day is a longstanding holiday in the U.S. that celebrates the American worker. The holiday was first adopted by Oregon in 1887, and seven years later, was made a national holiday across the U.S.
Dozens of other countries have a similar celebration called International Workers' Day that falls on the first day in May.
The following is a schedule of all stock market and bond market holidays for 2022. Note that regular trading hours for the New York Stock Exchange (NYSE) and Nasdaq Stock Market are 9:30 a.m. to 4 p.m. Eastern on weekdays. The stock markets close at 1 p.m. on early closure days; bond markets close early at 2 p.m.
2022 Market Holidays
DateHoliday
NYSE
Nasdaq
Bond Markets*
Monday, Jan. 17
Martin Luther King Jr. Day
Closed
Closed
Closed
Monday, Feb. 21
P
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