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mers:border-secondary mers:pb-2.5 print:orphans-3 print:widows-3 font-medium normal-case leading-none print:break-after-avoid text-4xl imt:text-[2rem] md:text-6xl md:imt:text-5xl imt:mb-6">NYSE Research</h1></div></div><div class="sm:pb-5"><div class=""><h3 class="m-0 font-headings border-0 pb-0 mers:border-b-2 mers:border-solid mers:border-secondary mers:pb-2.5 print:orphans-3 print:widows-3 font-medium normal-case leading-none print:break-after-avoid text-2xl imt:text-[1.5rem] md:text-4xl md:imt:text-[2rem] imt:mb-6">Insights that connect you to opportunity</h3><div class="mb-6"></div><p class="print:orphans-3 print:widows-3 print:text-black mb-6 last:mb-0">At the New York Stock Exchange we strive to preserve integrity, drive innovation and promote greater understanding of our markets.</p></div></div><div class=""><div class=""><p class="print:orphans-3 print:widows-3 print:text-black mb-6 last:mb-0"><a href="#pillar" class="text-left no-underline hover:underline cursor-pointer 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flex-1"><div class="!mb-8"><div class=""><h3 class="m-0 font-headings border-0 pb-0 mers:border-b-2 mers:border-solid mers:border-secondary mers:pb-2.5 print:orphans-3 print:widows-3 font-medium normal-case leading-none print:break-after-avoid text-2xl imt:text-[1.5rem] md:text-4xl md:imt:text-[2rem] imt:mb-6">Daily U.S. Market Update</h3></div></div><div data-partial="/mac-desk-daily-update"><div class="contents nyse"><div class="pb-2"><div class=""><div><div><span class="font-bold">Michael P. Reinking, CFA</span></div><div>Sr. Market Strategist</div></div></div></div><div class="pb-5"><div class=""><div class="text-left"><p data-type="disclaimer" class="print:orphans-3 print:widows-3 print:text-black mb-6 last:mb-0 text-xxs font-light leading-tight"><span class="text-[0.75rem] md:text-[1rem]">February 14, 2025 at 5:30 p.m. EST</span></p></div></div></div><div class="pb-5"><div class=""><p class="print:orphans-3 print:widows-3 print:text-black mb-6 last:mb-0">After the Chiefs bid for a three-peat was thwarted by the Philadelphia Eagles last Sunday it seemed fitting US markets closed modestly higher on Monday with some Eagles green on the screen. This broke the streak of back-to-back weeks of sharp declines coming out of the weekend, despite another round of tariff announcements. Sometimes markets have a poetic way about them and today the S&P 500 closed down by 0.01%, just enough in the red, to be an ode to Valentine’s Day. </p></div></div><div class="pb-5"><div class=""><p class="print:orphans-3 print:widows-3 print:text-black mb-6 last:mb-0"><a data-is-button="true" href="https://e.nyse.com/mac-desk-weekly-recap" data-checked="false" class="font-medium justify-center items-center no-underline focus-within:outline-none focus:outline-none focus-within:ring focus:ring leading-tight align-middle duration-75 active:shadow-none active:translate-y-px max-w-full select-none bg-black admin:bg-primary text-white border-white shadow-lg hover:text-primary admin:hover:text-white active:text-primary admin:hover:text-white active:shadow-none checked:text-primary text-xs md:text-sm gap-1 md:gap-4 border rounded-tl rounded-tr rounded-bl rounded-br inline-flex px-6 md:px-12 py-1 md:py-2 cursor-pointer uppercase flex-row-reverse break-words"><span><svg stroke="currentColor" fill="currentColor" stroke-width="0" viewBox="0 0 16 16" height="1em" width="1em" xmlns="http://www.w3.org/2000/svg"><path fill-rule="evenodd" clip-rule="evenodd" d="M10.072 8.024L5.715 3.667l.618-.62L11 7.716v.618L6.333 13l-.618-.619 4.357-4.357z"></path></svg></span><span>Expand article</span></a></p></div></div><div class="flex gap-x-4 text-left flex-col md:flex-row"><div class="flex-1"><div class="flex py-2 first:border-t-0 md:first:border-t-0"><a href="https://e.nyse.com/mac-desk-weekly-recap" class="flex w-full flex-row items-center no-underline hover:no-underline"><div class="flex w-full flex-col"><div class="flex flex-1 flex-row items-center justify-between text-[0.95rem] md:text-base border-0 border-b border-solid border-black"><div class="flex flex-1">Weekly market recap</div><div class="flex justify-end pr-2"><svg stroke="currentColor" fill="currentColor" stroke-width="0" viewBox="0 0 16 16" class="shrink-0" height="1em" width="1em" xmlns="http://www.w3.org/2000/svg"><path fill-rule="evenodd" clip-rule="evenodd" d="M10.072 8.024L5.715 3.667l.618-.62L11 7.716v.618L6.333 13l-.618-.619 4.357-4.357z"></path></svg></div></div></div><div class="text-4xl"></div></a></div><div class="flex py-2 first:border-t-0 md:first:border-t-0"><a href="https://e.nyse.com/mac-desk-fed-recap" class="flex w-full flex-row items-center no-underline hover:no-underline"><div class="flex w-full flex-col"><div class="flex flex-1 flex-row items-center justify-between text-[0.95rem] md:text-base border-0 border-b border-solid border-black"><div class="flex flex-1">Fed Recap</div><div class="flex justify-end pr-2"><svg stroke="currentColor" fill="currentColor" stroke-width="0" viewBox="0 0 16 16" class="shrink-0" height="1em" width="1em" xmlns="http://www.w3.org/2000/svg"><path fill-rule="evenodd" clip-rule="evenodd" d="M10.072 8.024L5.715 3.667l.618-.62L11 7.716v.618L6.333 13l-.618-.619 4.357-4.357z"></path></svg></div></div></div><div class="text-4xl"></div></a></div><div class="flex py-2 first:border-t-0 md:first:border-t-0"><a href="https://www.nyse.com/mac-desk/quarterly-earnings-preview" class="flex w-full flex-row items-center no-underline hover:no-underline"><div class="flex w-full flex-col"><div class="flex flex-1 flex-row items-center justify-between text-[0.95rem] md:text-base border-0 border-b border-solid border-black"><div class="flex flex-1">Q4 Earnings Preview</div><div class="flex justify-end pr-2"><svg stroke="currentColor" fill="currentColor" stroke-width="0" viewBox="0 0 16 16" class="shrink-0" height="1em" width="1em" xmlns="http://www.w3.org/2000/svg"><path fill-rule="evenodd" clip-rule="evenodd" d="M10.072 8.024L5.715 3.667l.618-.62L11 7.716v.618L6.333 13l-.618-.619 4.357-4.357z"></path></svg></div></div></div><div class="text-4xl"></div></a></div></div></div></div></div></div><div style="max-width:100vw" class="flex flex-col flex-1"><div class="bg-white pt-5 pr-8 pb-5 pl-8 border-black !mb-5 !-mt-6 sm:!mb-5 md:pb-8 md:!mt-5 lg:!-mt-6 xl:!mb-10 xl:!-mt-10"><div class="flex flex-col overflow-y-auto"><div class="xl:pb-10 xl:!mt-4"><div class=""><h3 class="m-0 font-headings border-0 pb-0 mers:border-b-2 mers:border-solid mers:border-secondary mers:pb-2.5 print:orphans-3 print:widows-3 font-medium normal-case leading-none print:break-after-avoid text-2xl imt:text-[1.5rem] md:text-4xl md:imt:text-[2rem] imt:mb-6">Research Insights</h3></div></div><div class="pb-5 sm:pt-5 lg:!mt-5 xl:!-mt-7"><div class=""><div><span class="font-bold">Stefanos Bazinas</span></div><div>Senior Manager, Product Development, NYSE</div><div></div><div class="mb-6"></div><h4 class="m-0 font-headings border-0 pb-0 mers:border-b-2 mers:border-solid mers:border-secondary mers:pb-2.5 print:orphans-3 print:widows-3 font-medium normal-case leading-none print:break-after-avoid text-xl imt:text-lg md:text-3xl md:imt:text-[1.5rem] imt:mb-6">The early bird gets the worm</h4><div></div><div class="mb-4"></div><div class="mb-1"></div><h6 class="m-0 font-headings border-0 pb-0 mers:border-b-2 mers:border-solid mers:border-secondary mers:pb-2.5 print:orphans-3 print:widows-3 font-medium normal-case leading-none print:break-after-avoid text-base imt:text-[0.875rem] md:text-xl md:imt:text-[1.125rem]">A new normal in off-hours U.S. equities trading</h6><div></div><div class="mb-6"></div><div>Last October the NYSE announced plans to extend weekday US equities trading on NYSE Arca to 22 hours a day, subject to regulatory approval. Extended trading would take place from 1:30am EST to 11:30pm EST and would provide market participants with an additional six hours of trading per day. In this post we examine how ...</div><div></div></div></div><div class=""><p class="print:orphans-3 print:widows-3 print:text-black mb-6 last:mb-0"><a data-is-button="true" href="/research/insights/the-early-bird-gets-the-worm-a-new-normal-in-off-hours-us-equities-trading" data-checked="false" class="font-medium justify-center items-center no-underline focus-within:outline-none focus:outline-none focus-within:ring focus:ring leading-tight align-middle duration-75 active:shadow-none active:translate-y-px max-w-full select-none bg-black admin:bg-primary text-white border-white shadow-lg hover:text-primary admin:hover:text-white active:text-primary admin:hover:text-white active:shadow-none checked:text-primary text-xs md:text-sm gap-1 md:gap-4 border rounded-tl rounded-tr rounded-bl rounded-br inline-flex px-6 md:px-12 py-1 md:py-2 cursor-pointer uppercase flex-row-reverse break-words"><span><svg stroke="currentColor" fill="currentColor" stroke-width="0" viewBox="0 0 16 16" height="1em" width="1em" xmlns="http://www.w3.org/2000/svg"><path fill-rule="evenodd" clip-rule="evenodd" d="M10.072 8.024L5.715 3.667l.618-.62L11 7.716v.618L6.333 13l-.618-.619 4.357-4.357z"></path></svg></span><span>Read now</span></a></p></div><div class="pt-5 pb-5"><div class=""><p class="print:orphans-3 print:widows-3 print:text-black mb-6 last:mb-0"></p><hr class="border-0 border-black border-t border-solid mx-0 mt-4 mb-4"/><div></div><p class="print:orphans-3 print:widows-3 print:text-black mb-6 last:mb-0">Find all of NYSE Research's articles on market quality, market structure, auctions, and options.</p><div></div><p class="print:orphans-3 print:widows-3 print:text-black mb-6 last:mb-0"><a data-is-button="true" href="/research/insights" data-checked="false" class="font-medium justify-center items-center no-underline focus-within:outline-none focus:outline-none focus-within:ring focus:ring leading-tight align-middle duration-75 active:shadow-none active:translate-y-px max-w-full select-none 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class=""><div class="text-center"><h2 class="m-0 font-headings border-0 pb-0 mers:border-b-2 mers:border-solid mers:border-secondary mers:pb-2.5 print:orphans-3 print:widows-3 font-medium normal-case leading-none print:break-after-avoid text-3xl imt:text-[1.75rem] md:text-5xl md:imt:text-4xl imt:mb-6">Daily U.S. Equity Market Statistics</h2><hr class="border-0 border-black border-t-2 w-1/5 border-solid mx-auto mt-4 mb-4"/><div></div></div></div></div><div class="bg-transparent border-transparent"><div class="flex flex-1 flex-col items-center justify-center duration-300 hidden"><svg viewBox="0 0 66 66" class="w-full max-w-20" role="progressbar" data-testid="spinner" aria-label="Loading..." aria-busy="true" aria-live="polite"><g><g><circle fill="none" stroke-width="6" stroke-linecap="round" cx="33" cy="33" r="30" stroke-dasharray="187" stroke-dashoffset="0" transform-origin="center" stroke="currentColor"><animate attributeName="stroke-dashoffset" values="187;46.75;187" dur="1.4s" 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mers:border-solid mers:border-secondary mers:pb-2.5 print:orphans-3 print:widows-3 font-medium normal-case leading-none print:break-after-avoid text-xl imt:text-lg md:text-3xl md:imt:text-[1.5rem] imt:mb-6">Products</h4><p class="print:orphans-3 print:widows-3 print:text-black mb-6 last:mb-0"></p><div class="mb-4"></div><p class="print:orphans-3 print:widows-3 print:text-black mb-6 last:mb-0">Exchange-traded products are one of the fastest growing investment products in the world, combining the simplicity of stocks with the diversified risk of mutual funds.</p></div></div></div><div class=""><div class="text-center"><p class="print:orphans-3 print:widows-3 print:text-black mb-6 last:mb-0"><a data-is-button="true" href="/products" data-checked="false" class="font-medium justify-center items-center no-underline focus-within:outline-none focus:outline-none focus-within:ring focus:ring leading-tight align-middle duration-75 active:shadow-none active:translate-y-px max-w-full select-none 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font-medium normal-case leading-none print:break-after-avoid text-xl imt:text-lg md:text-3xl md:imt:text-[1.5rem] imt:mb-6">NYSE Pillar®</h4><p class="print:orphans-3 print:widows-3 print:text-black mb-6 last:mb-0"></p><div class="mb-4"></div><p class="print:orphans-3 print:widows-3 print:text-black mb-6 last:mb-0">Our new integrated trading technology platform that will enable member firms to connect to all of our equities and options markets using a single specification.</p></div></div></div><div class=""><div class="text-center"><p class="print:orphans-3 print:widows-3 print:text-black mb-6 last:mb-0"><a data-is-button="true" href="/pillar" data-checked="false" class="font-medium justify-center items-center no-underline focus-within:outline-none focus:outline-none focus-within:ring focus:ring leading-tight align-middle duration-75 active:shadow-none active:translate-y-px max-w-full select-none bg-black admin:bg-primary text-white border-white shadow-lg hover:text-primary 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