why markets close in the internet age, who knows
It is so you don't wake up to a stock panic triggered by trading in a foreign country.
I noticed that the price of Gamestop stock had spiked by about $100 between the market closing and the time that the market reopened.
Since the market can still be manipulated bigly while the market is closed, does it really protect from foreigners doing overnight shenanigans? I can't shake the feeling that this is just a ritual held onto from the Before Times when people physically had to be in the marketplace to perform trades.
(post is archived)