Monday is a federal holiday, which means different things for different types of business. Most retail stores and grocers will remain open, while non-essential government offices will be closed. What does that mean for investors? Is the stock market open Presidents’ Day?
Will The Stock Market Be Open on Presidents’ Day?
Oftentimes, when people refer to the stock market they are referring to the New York Stock Exchange (NYSE). The NYSE, NASDAQ, and bond markets don’t all run on the same schedule. So, it is important to differentiate. However, the stock market is closed on Presidents’ Day. You can buy, sell, and trade regularly on Friday, February 15 and will be able to do so again at start-of-business Tuesday, February 19.
Will NASDAQ Be Open on Presidents’ Day?
NASDAQ will be closed on Monday, February 18. While the bond market has its own schedule, the NYSE and NASDAQ have the same holiday schedule. Therefore, the NASDAQ will also be closed Presidents’ Day.
Will the Bond Market Be Open on Presidents’ Day?
The bond market (SIMFA) will be also closed on Presidents’ Day. If you have any business to do with bonds, you need to get it done on Friday, February 15, or make sure it can wait until Tuesday, February 19.
Stock Market Holidays
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. EST. However, there are a few days during the year where the market closes early. These days are usually Black Friday and Christmas Eve. No dates around Presidents’ Day are affected in this way.
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. The stock market does not always follow a federal holiday schedule and can be confusing at times.
Readers, how do you plan to spend your Presidents’ Day weekend?
Photo: Flickr: Randy Lemoine