…or there’s so little to do these days that everyone is routinely taking two-hour lunches, anyway.
During the U.S. vs. Germany game from noon through 2 p.m. Eastern Time, some 541 million shares changed hands in NYSE composite volume, according to WSJ Market Data Group. That is just 3% lower than the average move that has taken place during that two-hour time frame on trading days since May 1. The World Cup started in mid-June.
During this afternoon time slot, roughly half of trading days over the past two months have witnessed lower trading activity than what took place on Thursday….
Many market watchers don’t foresee the low-trading environment changing–not until the market gets through the notoriously slow summer months, at least.
Wall Street Trading Is So Dead That Even the World Cup Barely Makes a Dent [WSJ MoneyBeat blog]