When people refer to the stock market they are generally referring to the New York Stock Exchange (NYSE) and the NASDAQ. The stock market observes most federal holidays just like banks, but not all. The NYSE and NASDAQ follow the same holiday schedule. The bond market, also referred to as SIFMA, does not follow the same schedule as the New York Stock Exchange and NASDAQ.
Will the New York Stock Exchange (NYSE) be open Memorial Day?
The stock market will be closed on Memorial Day. That means the market will not be opening for trading nor selling on Monday, May 30. You will, however, be able to buy, sell and trade regularly on Friday, May 27 and Tuesday, May 31. Because the holiday falls on a Monday, the stock market will be closed on Saturday and Sunday prior to the federal holiday.
Will NASDAQ be open on Memorial Day?
NASDAQ will be closed on Monday, May 30. Because the NYSE and the NASDAQ run on the same holiday schedule, the NASDAQ will also be closed on Memorial Day. However, just like the NYSE, you will be able to access services on Friday, May 27 and Tuesday, May 31.
Will the bond market be open on Memorial Day?
The the bond market will be closed on Memorial Day. The bond market, also known as the SIMFA , will be closed on Memorial Day. If you have any business to do with bonds, you need to get it done on Friday, May 27, or make sure it can wait until Tuesday, May 31.
The stock market (NYSE and NASDAQ) is closed each year in observance of the following federal holidays: New Year’s Day, Martin Luther King Jr. Day, Washington’s Birthday, Good Friday, Memorial Day, Independence Day, Labor Day, Thanksgiving and Christmas Day. The stock market also closes the day before Independence Day.
Normally, the stock market closes at 5 p.m. However, there are a few days during the year where the market closes early. However, no dates around Memorial Day are affected in this way. It is also important to note that the NASDAQ follows the same schedule as the New York Stock Exchange. The closing times are in Eastern Standard Time (EST).
If you are an active trader or have holdings in the NASDAQ, NYSE or bond market, you should become aware of what days these markets are open and closed. Oftentimes, the stock market does not always follow a federal holiday schedule, the market’s schedule is slightly altered.
Photo: Flickr: GotCredit
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