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Nasdaq to file for near 24-Hour stock trading to meet global demand, Reuters says [Yahoo! Finance]
Last amazon.com, inc. earnings: 4/30 04:01 pm
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US:NASDAQ Investor Relations: phx.corporate-ir.net/phoenix.zhtml%3fc%3d97664%26p%3dirol-irhome
Corporation (NASDAQ:MSFT), Alphabet Inc Class A (NASDAQ:GOOGL) and Amazon.com Inc (NASDAQ:AMZN), is planning to submit formal paperwork with the U.S. Securities and Exchange Commission (SEC) on Monday to launch near round-the-clock trading of U.S. stocks, according to a report from Reuters. The move marks Nasdaq's first formal step toward establishing 23-hour, five-day-a-week trading and comes as major exchanges vie to capitalize on surging global investor demand for U.S. equities. The U.S. stock market accounts for nearly two-thirds of the total market value of listed companies globally, and foreign holdings of U.S. stocks reached $17 trillion last year, data compiled by Nasdaq shows, according to Reuters. The proposed extension would expand trading from the current 16 hours to 23 hours, five days a week, effectively bridging time zones to accommodate international investors. The trading week under the new proposal would kick off on Sunday at 9 p.m. Eastern U.S. time and conclude
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