Financial markets will be affected this week because of Thanksgiving, a federal holiday on which banks and government offices close down.

While some restaurants, grocery stores and retail shops will remain open on Black Friday and Thanksgiving, the financial markets will close for a day, and have reduced hours on Black Friday, Nov. 28.

Here's what we know:

Is the stock market closed on Thanksgiving?

Yes, all markets and banks are closed on Thanksgiving, a federal holiday.

Is the stock market open on Black Friday?

The New York Stock Exchange website said markets will have reduced trading hours for Friday, Nov. 28, closing at 1 p.m. Eastern Time or 1:15 p.m. ET, rather than the standard 4 p.m. market close.

Are banks open on Black Friday?

In general, most banks are open for

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