The New York market is closed for nine holidays each year and the Nasdaq market follows the same schedule. Good Friday is one of them, so the US market will not run on Friday, April 2nd.
Here is the 2021 holiday break schedule for Lone Market and Nasdaq:
- New Year’s Day – Friday, January 2
- Martin Luther King, Jr. Day – Monday, January 18th
- Washington’s birthday – Monday, February 15th
- Friday – Friday, April 2nd
- Memorial Day – Monday, May 31st
- Independence Day – Monday, July 5 (July 4 is a holiday)
- Labor Day – Monday, September 2
- Columbus Day – Monday, October 11th
- Veterans Day – Thursday 11 November
- Thanksgiving Day – Thursday, November 25th
- Christmas Day – Friday, December 24th
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The market takes two extra partial holidays a year, closing the day after Thanksgiving (aka Black Friday) and the day before Christmas. In those days, the main trading session was from 9:30 a.m. to 1 p.m. ET from 9:30 am to 4:00 pm than usual.
Markets and Nasdaq were closed on Friday before the Saturday holiday. The holidays that landed on Sunday are celebrated the following Monday.
Market and bank holidays are different
According to the guidelines of the Securities Industry and Financial Markets Association (CIPMA), a trade group representing securities firms, banks and asset management agencies, bond traders follow a broad holiday calendar.
In 2021, U.S. bond markets are closed for eight days out of nine. Markets are silent – open on Good Friday, with downtime – and on Columbus Day (Monday, October 11) and Veterans Day (Thursday, November 11).
Bond markets closed at six early: Happy Friday at 12 a.m. ET and 2 p.m. The day before ET Memorial Day, the Friday before Independence Day, Black Friday, the day before Christmas, and the day before New Year.
The market calendar differs from the Federal Reserve’s holiday schedule and then most U.S. banks. The Fed celebrates Columbus Day and Veterans Day, does not leave on Good Friday, and has no officially scheduled opening day.
The market rarely sleeps
With the exception of rare cases, the market is quiet most of the time during the three-day holiday weekend. Century has been shut down for more than three days running several times in the last century, most recently during Superstar Sandy and after the 2001 attacks of 11/11.
Sam Stowell, the chief investment strategist at Investment Research, said the three-day limit is not a formal policy, but a rule that prevents investors from creating “investor angst” during growth and creating volatility when markets reopen. Says. Firm CFRA
“There’s an old saying that bear markets take escalators when they take lifts,” Stoval said. “Since dread is more inspiring than voracity, I would think financial backers prefer not to deny admittance to their cash over the long haul. Otherwise, they take money off the table, especially when something worrying happens when closing.”