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Now, why does this exist, and why should you care? Well, it provides an opportunity for investors to react to news and events that are released *after* the market closes. For instance, if Citi (C) releases its earnings report at 4:01 PM, investors can immediately start trading based on the report's impact. It also allows for global investors in different time zones to participate, as the U.S. market is still accessible for them during their daytime. It's all about providing flexibility and accessibility.
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