Monday, October 14, 2024, is Columbus Day. Because it’s a federal holiday and there are relatively widespread government office closures on at the present time, many financial institutions and businesses close their doors and provides their employees the break day. Since some people should want to conduct some stock market trades throughout the holidays, it is not uncommon to wonder, “Is the stock market closed on Columbus Day 2024?” If you’re one in all them, here’s what you want to know.
Is the stock market closed on Columbus Day 2024?
No, the stock market shouldn’t be closed on Columbus Day.
While the New York Stock Exchange (NYSE) and Nasdaq are closed on most major federal holidays, they will not be required to follow this schedule. Ultimately, this led to a choice that left the stock market open on Columbus Day. The NYSE holiday schedule and hours of operation are Here.
Additionally, the stock market doesn’t close on Veterans Day, regardless that it’s a federal holiday. This signifies that there are two federal holidays for traders to trade on, regardless that federal offices and plenty of banks and credit unions are closed.
Will the stock market close early or open late on Columbus Day 2024?
Since the stock market doesn’t close on Columbus Day, it’s normal to wonder if it’s going to close early or open late as an alternative. While most would not be surprised if this were the case, the exchange is definitely maintaining its usual trading hours on Columbus Day. This means that you can trade on the times you’d normally do on a given Monday.
Is the bond market closed on Columbus Day 2024?
While the U.S. stock markets are open on Columbus Day, the bond market is definitely closed (Here). The bond market schedule follows recommendations from the Securities Industry and Financial Markets Association (SIFMA) and includes two additional holiday closings on days when U.S. stock markets are open.
Therefore, if you happen to plan to conduct trades within the bond market, you could complete them by Friday, October 11, 2024. Otherwise, you’ll have to attend until the bond market reopens on Tuesday, October 15, 2024.
Are international stock markets closed on Columbus Day 2024?
Generally, international stock markets are open on Columbus Day. Columbus Day is a federal holiday within the United States, but shouldn’t be recognized as a vacation in other countries. Therefore, international stock markets are often open on at the present time.
There are situations when holidays in other countries coincide with Columbus Day. If this happens this yr, certain international stock markets could also close. However, this shouldn’t be as a result of the Columbus Day holiday; it’s only a coincidence.
US stock market holiday schedule for 2024
Regardless of whether you’re an informal investor or a really lively dealer, it will be significant to grasp with regards to stock exchange closings. This will mean you can plan your activities more effectively and ensure that you may complete trades at the suitable time.
Additionally, there are situations where a vacation closure can create unique trading opportunities. Knowing when a closing is coming may mean you can make the most of small market fluctuations that do not normally occur.
Ultimately, the Nasdaq and NYSE have holiday schedules which are generally consistent with the federal holiday schedule, although there are some exceptions. Here is an summary of the US stock market holiday schedule for 2024:
- New Year – Monday, January 1, 2024 (public holiday)
- Martin Luther King Jr. Day – Monday, January 15, 2024
- President’s Day – Monday, February 19, 2024
- Good Friday – Friday, March 29, 2024
- Memorial Day – Monday, May 27, 2024
- June 19 – Thursday, June 19, 2024
- Independence Day – Thursday, July 4, 2024
- Labor Day – Monday, September 2, 2024
- Thanksgiving – Thursday, November 28, 2024
- Christmas Day – Wednesday, December 25, 2024
Additionally, some early closings on the stock market often occur all year long. Typically, for instance, it closes early on the Friday after Thanksgiving. On at the present time, the regular trading session actually ends at 1:00 p.m. and doesn’t reopen until Monday morning.
There are two additional holiday closures from SIFMA for the bond market. This includes:
- Columbus Day – Monday, October 14, 2024
- Veterans Day – Monday, November 11, 2024
These bond market closures are along with the stock market closures listed above.
Finally, it needs to be noted that there could also be further bond and stock market closures. Although extremely rare, technical issues have occurred that resulted in trading unexpectedly halting. Likewise, events similar to power outages could lead to an unexpected closure. There are also certain economic conditions that may lead to a trading halt. Therefore, closures may occur outside of the times listed above.
