The main scheduled dates in November 2026 that can move US stocks and bonds, with times and sources, and how much the S&P 500, the Nasdaq‑100 and long Treasuries moved on that kind of day in the past, against a normal day.
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The main dates are the October jobs report on Friday, Nov 6, the October CPI on Tuesday, Nov 10, producer prices on Friday, Nov 13, retail sales on Tuesday, Nov 17, the Fed minutes on Wednesday, Nov 18, options expiration on Friday, Nov 20, and PCE inflation and GDP on Wednesday, Nov 25. The market is closed on Thanksgiving, Thursday, Nov 26, and closes at 1:00 p.m. ET on Friday, Nov 27. Election day, Tuesday, Nov 3, is a normal trading day.
On average, these days moved stocks only a little more than a normal day. Since mid‑2016, SPY, an S&P 500 index fund, moved 0.80% on an average CPI day, up or down, against 0.73% on a normal trading day. On jobs report days since 2015 it moved 0.86%, against 0.72%. 2022 stands out: on the 12 CPI days of that year, SPY moved 1.94% on average. CPI and Fed figures use Exent’s price data through the Oct 30, 2026 close; the other releases use study data as of Oct 20, 2026.
This page lists the dates first, then how much each kind of day moved stocks and bonds. It does not say what will happen on any of them. What each release measures is in the economic calendar guide.
All times are Eastern. The 8:30 a.m. releases come out before the 9:30 a.m. open, but a day’s close‑to‑close move also includes overnight trading and any other news, so it does not isolate the release. The last column is the average SPY move on that kind of day in the past, up or down, with the normal‑day figure for the same years in brackets.
| Date | Event | Time (ET) | Market hours | SPY on this kind of day (normal day) |
|---|---|---|---|---|
| Tue Nov 3 | Election day (midterms) | All day | Normal hours, 9:30 a.m.–4:00 p.m. | 0.54% on midterm election days (0.78%, 2006–2025) |
| Tue Nov 3 | Job openings, JOLTS (September) | 10:00 a.m. | Normal hours | not measured |
| Fri Nov 6 | Jobs report, Employment Situation (October) | 8:30 a.m. | Normal hours | 0.86% (0.72%) |
| Tue Nov 10 | Consumer prices, CPI (October) | 8:30 a.m. | Normal hours | 0.80% (0.73%) |
| Wed Nov 11 | Veterans Day | All day | Stocks open; bond market closed | not measured |
| Fri Nov 13 | Producer prices, PPI (October) | 8:30 a.m. | Normal hours | 0.78% (0.72%) |
| Tue Nov 17 | Retail sales, advance (October) | 8:30 a.m. | Normal hours | 0.72% (0.72%) |
| Wed Nov 18 | Fed minutes of the Oct 27–28 meeting | 2:00 p.m. | Normal hours | not measured |
| Fri Nov 20 | Monthly options expiration | Varies by contract | Normal hours | 0.65% (0.72%) |
| Wed Nov 25 | PCE inflation, personal income and spending (October) | 8:30 a.m. | Normal hours | 0.77% (0.72%) |
| Wed Nov 25 | GDP, second estimate (Q3 2026) | 8:30 a.m. | Normal hours | 0.72% (0.72%) |
| Wed Nov 25 | Fed Beige Book | 2:00 p.m. | Normal hours | not measured |
| Thu Nov 26 | Thanksgiving | All day | Stock and bond markets closed | closed |
| Fri Nov 27 | Day after Thanksgiving | Early close | Stocks close 1:00 p.m.; bonds 2:00 p.m. | 0.68% (0.78%, 2006–2025) |
Dates are from the agencies’ own schedules and can change; the sources are listed under the page. Rows turn into past events, with the day’s actual move, once each close is in.
Most scheduled days moved stocks about as much as a normal day, a little more or a little less. Jobs reports and CPI moved SPY somewhat more than average; options expiration Fridays and the day after Thanksgiving moved it less. The table puts each kind of day next to a normal day.
| Kind of day | Days in sample | SPY, average move | QQQ, average move | TLT, average move | SPY, normal day |
|---|---|---|---|---|---|
| CPI (since Jul 2016) | 123 | 0.80% | 1.04% | 0.82% | 0.73% |
| CPI in 2022 only | 12 | 1.94% | 2.50% | 1.16% | 0.73% (full window) |
| Jobs report (since Jan 2015) | 138 | 0.86% | not in data | not in data | 0.72% |
| Producer prices, PPI (since Jan 2015) | 141 | 0.78% | not in data | not in data | 0.72% |
| PCE inflation (since Feb 2015) | 137 | 0.77% | not in data | not in data | 0.72% |
| Retail sales (since Jan 2015) | 141 | 0.72% | not in data | not in data | 0.72% |
| GDP (since Jan 2015) | 45 | 0.72% | not in data | not in data | 0.72% |
| Scheduled Fed decision (since Jul 2016) | 82 | 0.78% | 1.08% | 0.68% | 0.73% |
| Monthly options expiration (since Jul 2016) | 124 | 0.65% | not in data | not in data | 0.72% |
| Day after Thanksgiving, half day (2006–2025) | 20 | 0.68% | not in data | not in data | 0.78% |
| Midterm election day (2006–2022) | 5 | 0.54% | not in data | not in data | 0.78% |
The normal day for QQQ, a Nasdaq‑100 fund, was 0.97% and for TLT, a long‑term Treasury bond fund, 0.69% (Jul 2016 to Oct 2026). So CPI days moved TLT relatively more than stocks: 0.82%, about 1.2 times a normal day. “Not in data” means the per‑day QQQ and TLT moves for that release are not in the files this page uses; the jobs report page shows them for the latest reports.
Averages hide the size of the tails. SPY moved more than 1% on 21.1% of CPI days, slightly less often than on all days (23.4%). The biggest CPI and Fed days are on the CPI day and Fed day pages.
The Bureau of Labor Statistics releases the October 2026 Consumer Price Index on Tuesday, Nov 10, 2026, at 8:30 a.m. ET, before the open. It covers consumer prices in October 2026. The November CPI is scheduled for Thursday, Dec 10. Here is how SPY, QQQ and TLT moved on the latest 12 CPI days.
| CPI release day | SPY | QQQ | TLT |
|---|---|---|---|
| Oct 14, 2026 | −1.08% | −1.97% | +0.66% |
| Sep 11, 2026 | +0.85% | +0.87% | +0.11% |
| Aug 12, 2026 | +0.25% | +0.73% | −0.10% |
| Jul 14, 2026 | +0.36% | +1.12% | +0.13% |
| Jun 10, 2026 | −1.58% | −2.00% | −0.28% |
| May 12, 2026 | −0.15% | −0.85% | −0.67% |
| Apr 10, 2026 | −0.07% | +0.14% | −0.24% |
| Mar 11, 2026 | −0.13% | −0.01% | −1.29% |
| Feb 13, 2026 | +0.07% | +0.21% | +0.55% |
| Jan 13, 2026 | −0.20% | −0.15% | +0.17% |
| Dec 18, 2025 | +0.76% | +1.45% | +0.48% |
| Oct 24, 2025 | +0.82% | +1.07% | +0.04% |
Over these 12 releases SPY moved 0.53% on average, below a normal day, and more than 1% only twice (Jun 10 and Oct 14, 2026). QQQ moved 0.88% and TLT 0.39% on average. There was no CPI release in November 2025, after the federal shutdown that autumn.
The Bureau of Labor Statistics releases the Employment Situation report for October 2026 on Friday, Nov 6, 2026, at 8:30 a.m. ET, an hour before the open. It has October payrolls and the unemployment rate. The November report is scheduled for Friday, Dec 4.
Of the regular releases in this data, the jobs report had the largest gap to a normal day: SPY moved 0.86% on an average report day across 138 reports since January 2015, against 0.72% on all days in the same period. It closed higher on 54.3% of them. On the latest 12 reports SPY moved 0.78% on average, QQQ 1.39% and TLT 0.48%; three of the 12 moved SPY more than 1%, the largest being −2.58% on Jun 5, 2026. Every report since 2015, with the surprise against forecasts, is on the jobs report page.
No. The Federal Reserve’s 2026 meeting calendar has no meeting in November. The last one ended Oct 28, when the Fed held its target range at 3.75–4.00% (October 2026 Fed meeting). The next is Dec 8–9, 2026, with the decision on Dec 9 and new projections.
The minutes of the October 27–28 meeting come out Wednesday, Nov 18, at 2:00 p.m. ET; this page has no measured figure for minutes days. On the 82 scheduled decision days since July 2016, SPY moved 0.78% on average, against 0.73% on a normal day, and QQQ 1.08%.
Closed on Thanksgiving, open on election day. The NYSE and Nasdaq are closed on Thanksgiving, Thursday, Nov 26, 2026. On Friday, Nov 27, stocks close early at 1:00 p.m. ET, and SIFMA, the bond market group, recommends a 2:00 p.m. ET close for bonds. Election day, Tuesday, Nov 3, is not a market holiday: stocks trade normal hours, 9:30 a.m. to 4:00 p.m. ET. On Veterans Day, Wednesday, Nov 11, stocks trade normally and the bond market is closed.
The half day after Thanksgiving has usually been quieter than average. From 2006 to 2025, SPY moved 0.68% on that Friday on average, against 0.78% on a normal day in those years, and closed higher in 10 of 20 years. The range ran from −2.23% (2021) to +1.73% (2007). The whole Thanksgiving week, Friday close to Friday close, rose in 14 of 20 years, with a median of +0.61% against +0.35% for all weeks. That includes +13.29% in 2008 and −4.63% in 2011, so 20 weeks say little.
On the five midterm election days from 2006 to 2022, SPY moved 0.54% on average, and 1.09% on the day after. How the market did in the months after midterms is on the midterm elections page, and how November itself has done since 1950 is in is November a good month for stocks.
Mostly to know why prices moved on a given day, not to trade the release. A few checks investors often make (education, not advice):
How Exent reads the market heading into these dates, its risk read and what would change it, is part of Market intel and is for members.
The dates are public. How Exent reads the backdrop going into them is in Market intel, for members.
No. The NYSE and Nasdaq are closed on Thanksgiving, Thursday, November 26, 2026. On Friday, November 27, stocks close early at 1:00 p.m. ET and bonds at 2:00 p.m. ET.
The October 2026 CPI comes out Tuesday, November 10, 2026, at 8:30 a.m. ET, from the Bureau of Labor Statistics. The November CPI is scheduled for December 10.
No. The Federal Reserve has no meeting scheduled in November 2026. The next meeting is December 8–9, with the decision on December 9; the minutes of the October 27–28 meeting come out November 18.
Yes. Election day is not a stock market holiday, and the NYSE and Nasdaq keep normal hours on Tuesday, November 3, 2026.
The October 2026 jobs report (Employment Situation) comes out Friday, November 6, 2026, at 8:30 a.m. ET, from the Bureau of Labor Statistics. The November report is scheduled for December 4.
A little, on average. Since mid-2016 SPY moved 0.80% on an average CPI day, up or down, against 0.73% on a normal day. In 2022 the average was 1.94%; outside 2022 it was 0.67%, below the full‑window 0.73%.
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Educational content, not investment advice. Examples are illustrative; past performance does not guarantee future results.