Are Stock Markets Open on Columbus Day 2024? Here’s What You Need to Know

Key Takeaways:

Columbus Day 2024 falls on Monday, October 14, a federal holiday in the U.S.

Despite the holiday, both the New York Stock Exchange (NYSE) and Nasdaq will remain open for regular trading hours.

Bond markets, banks, and government offices, including the post office, will be closed.

Will the Stock Market Be Open on Columbus Day?

Upcoming Monday, October 14, is Columbus Day—a federal holiday recognized in the U.S. Observed on the second Monday of October, it often prompts questions about which markets and institutions remain operational.

If you’re wondering about the stock market, you might expect it to be closed, given that many businesses and federal agencies take the day off. Surprisingly, the NYSE and Nasdaq will both remain open, following their regular trading schedules. So, if you’re planning to trade stocks or monitor market activity, the exchanges will be functioning as usual.

However, it’s important to note that while the stock markets will be open, bond markets, as well as commercial banks that follow federal holidays, will be closed. Additionally, government services such as the Federal Reserve and U.S. Postal Service will not be operational on Columbus Day.

Remaining Stock Market Holidays in 2024

As we move toward the end of the year, the stock exchanges have only two more holidays on their calendars:

Thanksgiving Day in November and
Christmas Day in December.
In addition, the markets will operate with shortened hours on the day after Thanksgiving (Black Friday) and on Christmas Eve.

For investors and traders, this means that while Columbus Day won’t disrupt stock trading, it’s important to plan ahead for these upcoming holiday closures.

What Else Will Be Closed on Columbus Day? Beyond the stock market, other key financial and governmental operations will be impacted by the holiday. Here’s a quick look:

Bond Markets: Closed in observance of Columbus Day.
Banks: Most commercial banks will close, though some branches may remain open. Be sure to check with your local bank for specific hours.
Federal Offices: Federal government operations, including the Federal Reserve, will be closed.
Post Offices: USPS will not deliver mail, and post office locations will be closed.

In summary, while Columbus Day is a federal holiday, the stock market will remain open and operating normally. However, bond markets, banks, and many government services will observe the holiday and close for the day.