Nasdaq proposed expanding trading hours to 23 hours each weekday, up from 16

Wells Fargo analysts criticize Nasdaq's proposal to extend trading hours to 23 hours daily, calling it 'the worst thing in the world' and akin to gambling. The Nasdaq plans to expand trading hours to 23 hours each weekday, up from 16, with the intention to compete with foreign markets. Wells Fargo argues that this move accelerates trading volume at the market open and close, which is counterproductive.