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The stock and bond markets are closed on Christmas Day. The stock market is open on Dec. 26 and New Year's Eve. But the bond market closes early, at 2 p.m., on New Year's Eve.

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After-hours trading can be divided into two different parts of the day. The first is the post-market trading session . Most exchanges usually operate post-market trading between 4:00 p.m. and 8:00 After-hours trading occurs immediately after the market is closed. It allows you to react to news events before many other investors. The risks are substantial and worth careful consideration.