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 Columbus Day?
The stock market will be open on Columbus Day. The market will be open for trading and selling on Monday, October 10. You will be able to buy, sell and trade regularly on Columbus Day as well as the Friday prior to the holiday and the Tuesday after.
Will NASDAQ be open on Columbus Day?
NASDAQ will be open on Monday, October 10. Because the NYSE and the NASDAQ run on the same holiday schedule, the NASDAQ will also be open on Columbus Day. However, just like the NYSE, you will be able to access services on Monday, October 10.
Will the bond market be open on Columbus Day?
The the bond market will be open on Columbus Day. The bond market, also known as the SIMFA , will be open on Columbus Day. If you have any business to do with bonds, you will be able to perform your business on Monday, October 10.
The stock market (NYSE and NASDAQ) is closed in observance of Federal holidays: Martin Luther King Jr. Day, Presidents Day, Good Friday, Memorial Day, Independence Day, Labor Day, Thanksgiving, Christmas Day and New Year’s Day. The stock market does not close on Columbus Day though.
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 Columbus 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, so you will have to adjust your plans accordingly.
Photo: Dave Dugdale