Is The Stock Market Open on Labor Day?

Monday, September 7, 2020, is Labor Day, a federal holiday that recognizes the achievements of the American workforce. Many people get the day off of work, leading many places to close for the day. However, not all organizations recognize every federal holiday by closing. The stock markets have full control over their schedules, so they do not have to shut down just because government agencies do. However, many stock market holidays align with federal holidays. Here’s what you need to know if you are wondering is the stock market open on Labor Day.

Is the Stock Market Open on Labor Day?

No, the US stock market is not open on Labor Day. While the New York Stock Exchange (NYSE) and NASDAQ are usually open on Mondays, they both follow the same holiday schedule and will close on Labor Day in recognition of the holiday.

Additionally, the stock markets are not open on Saturday, September 5, or Sunday, September 6, as they traditional close on weekends. If you need to complete any trades before the holiday, you need to handle them no later than Friday, September 4. Otherwise, you won’t be able to complete your trades until the stock market resumes operations on Tuesday, September 8.

Is the Bond Market Open on Labor Day?

While the SIFMA bond market uses its own holiday schedule, it is also closed on Labor Day. Additionally, like the NYSE and NASDAQ, the bond market closes during weekends. If you need to complete transactions, you must handle them no later than Friday, September 4, if you want them to process before the holiday weekend.

Like the NYSE and NASDAQ, the bond market resumes its normal operating hours on Tuesday, September 8.

Do the US Markets Have Reduced Hours Before the Labor Day Holiday?

While the NYSE, NASDAQ, and bond markets do occasionally close early on the business day before a holiday, that doesn’t occur for Labor Day. There will not be reduced hours on Friday, September 4.

Are International Stock Markets Open on Labor Day?

September 7 is only a holiday in the US, so other countries do not recognize it with a closure. This means that Asian and European markets are usually open on Labor Day.

There are instances when US and some international markets close on the same days. For example, multiple markets close on December 25 in recognition of Christmas, though not all of them do.

Foreign stock markets also maintain their own holiday schedules. As a result, there are times when an international market is not open when the US markets area.

US Stock Market Holiday Schedule 2020

The NYSE and NASDAQ follow the same holiday schedule. The only time one of those markets will be open while the other is closed is when just one system experiences an unexpected technical issue.

Here is an overview of the remaining 2020 US Stock Market holiday closure and short-days schedule:

Labor Day – NYSE and Nasdaq are closed on Monday, September 7
Thanksgiving – NYSE and Nasdaq are closed on Thursday, November 26
Day After Thanksgiving – NYSE and Nasdaq close early at 1:00 pm EDT on Friday, November 27
Christmas Eve – NYSE and Nasdaq close early at 1:00 pm EDT on Thursday, December 24
Christmas Day – NYSE and Nasdaq are closed on Friday, December 25

While many of the stock market closures line up with federal holidays, there are two federal holidays where the stock markets are open: Columbus Day and Veterans Day.

Additionally, the stock markets close on Good Friday, even though it isn’t a federal holiday. Some of the short days are similarly not on the federal holiday schedule.

2020 SIFMA Holiday Schedule

The US bond markets have their own holiday schedule. While many of the days do align with the NYSE and NASDAQ closures, there are also some differences.

Here is a look at the Remaining 2020 SIMFA holiday schedule:

Labor Day – SIFMA is closed on Monday, September 7
Columbus Day – SIFMA is closed on Monday, October 12
Veterans Day – SIFMA is closed on Wednesday, November 11
Thanksgiving – SIFMA is closed on Thursday, November 26
Day After Thanksgiving – SIFMA closes early at 2:00 pm ET on Friday, November 27
Christmas Eve – SIFMA closes early at 2:00 pm ET on Thursday, December 24
Christmas Day – SIFMA is closed on Friday, December 25
New Year’s Eve – SIFMA closes early at 2:00 pm ET on Thursday, December 31

The SIFMA does close more often than the NYSE and NASDAQ, including on Columbus Day and Veterans Day.

Have you ever wanted to trade on the stock market during a holiday only to find that it wasn’t open? Share your thoughts in the comments below.

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