After-Hours Trading
After-hours trading (also "post-market") is the trading session that runs after the official US equity market close. Hours: 16:00 ET to 20:00 ET on regular trading days.
Why after-hours matters
The single biggest driver of after-hours activity is earnings releases. Companies reporting after the close typically issue press releases between 16:01 and 16:30 ET, with the conference call to follow at 16:30 or 17:00. The stock reaction during the AH session shows institutional and informed-trader response before the next day's open.
Other drivers:
- M&A announcements
- Fed officials' speeches
- Major macro releases (rare in AH, more common pre-market)
- Late-day SEC filings (8-K disclosures)
Liquidity caveat
After-hours liquidity is much thinner than regular session, especially after 18:00 ET. A 5% AH move on light volume can reverse aggressively when the regular session opens the next day. Treat AH moves on heavily-traded names as more meaningful than AH moves on small caps with stale order books.
After-hours quotes on Top Tier Newswire
The terminal and the public ticker pages display the AH last-trade price when the post-market session is active. The AI Top Trades pack uses AH price as extended_price for entry anchoring — a long called at 17:30 ET after an earnings beat is recorded with the realistic AH entry, not Friday's regular close. The lifecycle return calculation honours the original entry through the next open.
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