Financial

holiday effect

Holiday Effect

The tendency for a stock market to gain on the final trading day before an exchange-mandated long weekend or holiday such as Labor Day or Christmas. The holiday effect can be beneficial for traders, who may buy a security in the days leading up to the last trading day and then sell for a higher price on the final day. See also: Calendar effects.
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holiday effect

The unusually good performance by stocks on the day prior to market-closing holidays.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.
References in periodicals archive
Keywords: Adaptive Market Hypothesis; Efficient Market Hypothesis; Holiday Effect; Islamic Holiday Effect; Pakistan Stock Exchange.
Helen Dickinson, chief executive, BRC, said: "Retail sales in May saw their highest growth since January 2014 as better weather and the bank holiday effect led shoppers to buy from garden furniture and summer fashion ranges; recovering some of the ground lost in April.
He added air fares are also set to keep a lid on CPI, as the Easter holiday effect disappears.
He added that air fares are also set to keep a lid on CPI for now, as the Easter holiday effect disappears.
"An Empirical Note on the Holiday Effect in the Australian Stock Market, 1996-2006." Applied Economics Letters, 16(17), 2009, 1769-76.
Our test represents a greater challenge than prior work on the cultural holiday effect, which almost exclusively focuses on a single New Year holiday in one or multiple markets.
(By the way, fourthquarter surveys have no inherent "holiday effect," contrary to the facile comments of those unfamiliar with the historical data.)
Yes, that last alliterative twirl is there for a reason -- according to a recent study by Markey et al in the Archives of Sexual Behaviour, there's a certain 'holiday effect' which causes our mating instincts to kick in.
And when you return looking ' all glowing' you can easily attribute it to the ' holiday effect'," explains Dr Chatrath.
Because of the public holiday effect, aircraft movements at FRA dropped by 2.6 % to 41,930 takeoffs and landings, while cargo throughput declined slightly by 0.7% to 173,600 metric tons.
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