Monday, October 14, 2024, Columbus Day. Since that is a national holiday – leading to the widespread closure of government offices on that day – many financial institutions and companies close their doors and give workers the day off. Since some people may want to manage stock market trading on the holiday, it is common to ask, “Is the stock market closed on Columbus Day 2024?” If you are one of them, here is what you need to know.
Is the Stock Market Closed on Columbus Day 2024?
No, the stock market is not closed on Columbus Day.
Although the New York Stock Exchange (NYSE) and Nasdaq are closed for most federal holidays, they are not required to follow that schedule. Ultimately, that led to a decision that left the stock market open on Columbus Day. The NYSE holiday schedule and hours are here.
Additionally, the stock market does not close on Veterans Day, even though that is a federal holiday. Because of this, traders get two federal holidays where trading is optional, even though federal offices and most banks and credit unions are closed.
Will the Stock Market Close Early or Open Late on Columbus Day 2024?
Since the stock market does not close on Columbus Day, it is common to wonder if they will close early or open late. Although many would not be surprised if this were the case, the stock market actually keeps its regular trading hours on Columbus Day. That allows you to trade at the same time as you normally would on any Monday.
Is the Bond Market Closed on Columbus Day 2024?
While US stock markets are open on Columbus Day, the bond market is closed (here). The bond market schedule is guided by the recommendations of The Securities Industry and Financial Markets Association (SIFMA), and has two holiday closures on days when US stock markets are open.
As a result, if you plan to trade in the bond market, you need to complete it on Friday, October 11, 2024. If not, you will need to wait until the bond market opens again on Tuesday, October 15, 2024.
Are International Markets Closed on Columbus Day 2024?
Generally, international stock markets are open on Columbus Day. Columbus Day is a national holiday in the US, but it is not recognized as a holiday in other countries. As a result, international stock markets usually open on that day.
There are cases where holidays in other nations coincide with Columbus Day. If that happens this year, international stock markets may be shut down. However, this is not due to the Columbus Day holiday; it just happens.
2024 US Market Holiday Schedule
Whether you are a casual investor or an active trader, understanding when the stock market closes is important. It allows you to organize your activities effectively, ensuring that you can complete the trade at the right time.
In addition, there are situations where holiday closures may create unique business opportunities. By knowing when the closing is near, you can capitalize on the small fluctuations in the market that usually do not happen.
Finally, Nasdaq and the NYSE have holiday schedules that generally match the corporate holiday schedule, although there are a few exceptions. Here is a summary of the US stock market holiday schedule for 2024:
- New Year’s Day – Monday, January 1, 2024 (Watched)
- 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
- Juneteenth – Thursday, June 19, 2024
- Independence Day – Thursday, July 4, 2024
- Labor Day – Monday, September 2, 2024
- Thanksgiving Day – Thursday, November 28, 2024
- Christmas Day – Wednesday, December 25, 2024
Additionally, the stock market tends to have a few early closes during the year. For example, it usually closes early on the Friday after Thanksgiving. On that day, the regular trading session ends at 1 pm, and does not open again until Monday morning.
For the bond market, there are two additional holiday closures listed by SIFMA. That includes:
- Columbus Day – Monday, October 14, 2024
- Veterans Day – Monday, November 11, 2024
That bond market close is more than the stock market close listed above.
Finally, it is important to note that some bond and stock market closings are possible. Although incredibly rare, there have been technical issues that have caused trading to end abruptly. Similarly, events such as power outages can lead to unexpected shutdowns. There are also certain economic conditions that can cause trade to stop. As a result, you may see closures outside of the dates listed above.
Are you planning to do any shopping for the Columbus Day holiday? Have you ever wanted to trade to be affected by the holiday market closing? Share your thoughts in the comments below.
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