Asian shares were mixed on Friday after U.S. markets were closed Thursday due to the Thanksgiving holiday. U.S. futures and oil prices rose. Tokyo's Nikkei 225 index fell 0.4% to 38,183.31 after the government reported that inflation in Tokyo,

The major indexes fell before the Thanksgiving holiday due some tech turkeys, but came off lows. Nvidia stock fought back to hold key support.

Here's what you need to know about whether U.S. stock markets will be open or closed on Black Friday this year.

The Cboe Skew Index, which measures options traders’ demand for tail-risk hedges, has risen sharply since Nov. 12, when it touched a post-election low. The index closed above 167 on Monday, its highest reading in more than two months, according to LSEG data.

Dating back a century, the week of Thanksgiving and the stretch through New Year’s tends to be positive for stocks.

Yes, Thanksgiving is Thursday. The holiday has been recognized by the federal government since 1870, though President Abraham Lincoln encouraged Americans to recognize a November “day of Thanksgiving” in 1863, and President George Washington issued a proclamation for “a day of public thanksgiving and prayer” on Nov. 26, 1789.

Thursday: U.S. markets are closed for the Thanksgiving holiday. Friday: Markets close early in the U.S. The stock market closes at 1 p.m., while bond markets are slated to shut down an hour later. Black Friday marks the start of the holiday shopping season.

Black Friday, the day after Thanksgiving in the U.S., has a reputation as one of the busiest shopping days of the year.