What Holidays are the U.S Stock Market Closed
Upcoming Trading Holidays in US Stock |
Similar to most companies, the major stock markets in the U.S. are only open for trading on normal business days only—Monday to Friday, except on holidays. In terms of holidays, both the New York Stock Exchange (NYSE) and the NASDAQ have very similar schedules to that of the federal government's holiday schedule (with a few exceptions).
The table below covers holidays and the status of the US Stock Exchange.
Largest Stock Exchanges
Stock exchanges have been around for more than two centuries. The venerable NYSE traces its roots back to 1792 when two dozen brokers met in Lower Manhattan and signed an agreement to trade securities on commission.5 In 1817, New York stockbrokers operating under the agreement made some key changes and reorganized as the New York Stock and Exchange Board.14
The NYSE and Nasdaq are the two largest exchanges in the world, based on the total market capitalization of all the companies listed on the exchange. The number of U.S. stock exchanges registered with the Securities and Exchange Commission has reached nearly two dozen, though most of these are owned by either CBOE, Nasdaq, or NYSE.15 The table below displays the 20 biggest exchanges globally, ranked by the total market capitalization of their listed companies.
US Stock Market Opening & Closing
Regular trading hours for the U.S. stock market, including the New York Stock Exchange (NYSE) and the Nasdaq Stock Market (Nasdaq), are 9:30 a.m. to 4 p.m. Eastern time on weekdays (except stock market holidays). On early-closure days, typically right before or right after a market holiday, regular stock trading ends at 1 p.m. ET.
What Are Stock Market Holidays?
A so-called market holiday is any nonweekend day when the New York Stock Exchange, Nasdaq, or bond markets close for the day. Usually, that holiday is something like Christmas or New Year's.
On some holidays, or days close to them, the stock markets remain open, while the bond markets stay closed or close early. Sometimes, the markets close for national days of mourning, as the New York Stock Exchange and Nasdaq did to honor the late President George H.W. Bush in 2018.
If a given holiday happens to take place on Saturday, the Friday before it typically becomes a stock market holiday. Similarly, markets typically close on the following Monday if the holiday lands on a Sunday.
Regular hours for the New York Stock Exchange and the Nasdaq go from 9:30 a.m. to 4 p.m. ET from Monday to Friday. The markets are closed over the weekends.
US Stock Trading Holidays in 2022
Photo: financemagnates |
The 2022 Holidays and Early Closing Dates in the US Stock Market
-Other than Veterans Day, Indigenous People’s Day, and Good Friday, the NYSE and NASDAQ exchanges follow the federal government’s holiday schedule for closings.
-The NYSE and NASDAQ are open on Veterans Day and Indigenous People’s Day and both are closed on Good Friday.
-The bond market exchanges more closely follow the federal government holiday schedule, including being closed on Veterans Day and Indigenous People’s Day.
-There are trends for trading days before and after holidays, such as the S&P 500’s tendency to post a loss on the last trading day of the year.
The US stock exchanges take two additional partial holidays annually, closing early on Black Friday and on Christmas Eve. On those days, the main trading session runs from 9:30 a.m. to 1 p.m. ET rather than the normal schedule of 9:30 a.m. to 4 p.m. When a holiday falls on a Saturday, the NYSE and Nasdaq close on the Friday before. Holidays that land on a Sunday are observed on the following Monday. |
Date | Public holiday | |
---|---|---|
1 | Saturday, January 1, 2022 | New Year's Day |
2 | Monday, January 17, 2022 | Martin Luther King Day |
3 | Monday, February 21, 2022 | President's Day |
Friday, April 15, 2022 | Good Friday/Emancipation Day Observance | |
4 | Monday, May 30, 2022 | Memorial Day |
5 | Sunday, June 19, 2022 | Juneteenth |
Monday, June 20, 2022 | Juneteenth Observance | |
6 | Monday, July 4, 2022 | Independence Day |
7 | Monday, September 5, 2022 | Labor Day |
8 | Friday, November 11, 2022 | Veterans Day |
9 | Thursday, November 24, 2022 | Thanksgiving |
10 | Sunday, December 25, 2022 | Christmas |
Monday, December 26, 2022 | Christmas Observance |
Below, we run down the partial market closures for 2022:
Is The US Stock Market Open The Thursday Before Good Friday?
The stock and bond markets hold regular hours on April 1, the date on which Maundy Thursday falls in 2021.
Is The US Stock Market Open On Good Friday?
The stock market is closed on Good Friday, which takes place on April 2. Bond markets close early, at noon.
Is The US Stock Market Open The Friday Before Memorial Day?
The stock market is open on the Friday before Memorial Day. But the bond markets close early, at 2 p.m.
Is The US Stock Market Open On July 2?
It is. But the bond markets shut down at 2 p.m.
Is The US Stock Market Open On Columbus Day?
Yes. The NYSE and the Nasdaq are open on Columbus Day, which in 2021 lands on Monday, Oct. 11.
As for the bond markets? Closed that day.
Is The US Stock Market Open On Veterans Day?
Similarly, bond traders also have off for Veterans Day, which in 2021 takes place on Thursday, Nov. 11. But the NYSE and the Nasdaq will hold regular hours.
… and Black Friday?
The stock markets close early, at 1 p.m., on Black Friday, the day after Thanksgiving. Black Friday in 2021 lands on Nov. 26. The bond markets close early, at 2 p.m.
... The Day Before Christmas Eve?
Dec. 23 takes place on Thursday in 2021. The NYSE and Nasdaq will be fully open. Bond markets close at 2 p.m.
Is The US Stock Market Open New Year's Eve?
Yes it is.
New Year's Day 2022 falls on a Saturday. The stock market will not observe the holiday, either with closure or limited hours.
Foreign Stock Markets
Investors and traders with positions in foreign stocks need to keep in mind that not all countries have the same holidays: foreign stock exchanges may continue to trade on days that the U.S. markets are closed and vice versa.
For example, since Canadian Thanksgiving day is a different day compared to the U.S. Thanksgiving (the second Monday in October, compared with the fourth Thursday in November), all Canadian listed stocks on the Toronto Stock Exchange (TSX) would not be trading on Canadian Thanksgiving but would continue trading on the date the American Thanksgiving falls upon.2
If a holiday falls on a weekend, the exchange is closed on the Friday before or the Monday after.
Other Financial Markets
Photo: ft |
The holiday closings of the U.S. bond market exchanges are more loosely governed and tend to follow the recommendations of the Securities Industries and Financial Markets Association (SIFMA). They do, however, parallel those of the equity exchanges above, though Indigenous People’s Day and Veterans Day are included in the SIFMA recommendations, and thus, the bond market is closed on these days.3
Another market that many investors follow is the Chicago Board Options Exchange (CBOE). These also parallel the NYSE and NASDAQ holidays. Like many employers, CBOE grants an extra weekday day off if a holiday falls on a weekend. If a holiday falls on Saturday, CBOE closes the preceding Friday and if it falls on a Sunday, CBOE markets are closed the Monday after. Trading sessions tend to close early the day before a holiday, too.4
The NYSE and NASDAQ will close early the day after Thanksgiving Day.
Facts About Trading Around Holidays
Seasonality can sometimes play a part in a trading strategy. Some holidays in the U.S. market provide periods of decreased trading volumes, as many investors and traders are busy with vacations and family plans. There tends to be little business news released right before a holiday, too.
The S&P 500 tends to trade at a loss on the last trading day of the year and gains on the first day of the new year. Trading days before and after Jan. 1 can be affected by tax gain/loss harvesting and portfolio rebalancing.
Sometimes the pattern is reversed, with advances the day before the holiday and declines the day after. There are usually gains on the Thursday before Good Friday and losses on the trading day after. Presidents' Day tends to have losses on both days, before and after. In contrast, both Christmas and Thanksgiving see gains on both days.
About NYSE GroupNYSE Group is a subsidiary of Intercontinental Exchange (NYSE: ICE), a leading operator of global exchanges and clearinghouses, and a provider of data and listings services. NYSE Group’s equity exchanges -- the New York Stock Exchange, NYSE American, NYSE Arca, and NYSE National -- trade more U.S. equity volume than any other exchange group. The NYSE is the premier global venue for capital raising, leading worldwide in IPOs, including technology IPOs. NYSE Arca Options and NYSE Amex Options are leading equity options exchanges. |
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