When Amazon just lately reported its better-than-expected gross sales, it was after america inventory market had closed. That’s widespread within the US the place many massive firms report outcomes on the finish of the day, reasonably than the beginning, which is favoured over right here.
Nonetheless, that didn’t cease Amazon’s share value from rising 12 per cent.
It was pushed by the rise of after-hours buying and selling, and the affect of so-called nighthawks — odd traders who’re making the most of completely different guidelines within the US that allow you to purchase and promote when the market is shut.
Normally, inventory markets have outlined hours. In London, the market opens at 8am and closes at 4.30pm. New York opens at 9.30am and closes at 4pm (9pm UK time).
