2020 Stock Market Holidays and Bond Market Holidays
Is the market open today? Take a look at which holidays the stock markets and bond markets take off in 2020.
The following is a schedule of stock market and bond market holidays for 2020. Please note that regular trading hours for the New York Stock Exchange (NYSE) and Nasdaq Stock Market are 9:30 a.m. to 4 p.m. Eastern on weekdays. The stock markets close at 1 p.m. on early-closure days; bond markets close early at 2 p.m.
2020 Market Holidays
|Wednesday, Jan. 1||New Year's Day||Closed||Closed||Closed|
|Monday, Jan. 20||Martin Luther King Jr. Day||Closed||Closed||Closed|
|Monday, Feb. 17||Presidents' Day/Washington's Birthday||Closed||Closed||Closed|
|Thursday, April 9||Maundy Thursday||Open||Open||Early close|
|Friday, April 10||Good Friday||Closed||Closed||Closed|
|Friday, May 22||Friday Before Memorial Day||Open||Open||Early close|
|Monday, May 25||Memorial Day||Closed||Closed||Closed|
|Thursday, July 2||Day Before Independence Day||Open||Open||Early close|
|Friday, July 3||Independence Day (Observed)||Closed||Closed||Closed|
|Monday, Sept. 7||Labor Day||Closed||Closed||Closed|
|Monday, Oct. 12||Columbus Day||Open||Open||Closed|
|Wednesday, Nov. 11||Veterans Day||Open||Open||Closed|
|Thursday, Nov. 26||Thanksgiving Day||Closed||Closed||Closed|
|Friday, Nov. 27||Day After Thanksgiving||Early close|
|Thursday, Dec. 24||Christmas Eve||Early close|
|Friday, Dec. 25||Christmas Day||Closed||Closed||Closed|
|Thursday, Dec. 31||New Year's Eve||Open||Open||Early close|
|Friday, Jan. 1, 2021||New Year's Day||Closed||Closed||Closed|
Stock Market Holiday Schedule
The NYSE and Nasdaq stock markets typically observe nine holidays each year:
- New Year's Day
- Martin Luther King, Jr. Day
- Presidents' Day
- Good Friday
- Memorial Day
- Independence Day
- Labor Day
- Thanksgiving Day
- Christmas Day
In certain circumstances, the stock market will close early in the days preceding or following market holidays. The NYSE and Nasdaq will close at 1 p.m. the day after Thanksgiving; on Christmas Eve, if it falls on a weekday; and on July 3, if both it and July 4 fall on a weekday.
Bond Market Holiday Schedule
The bond markets observe the same nine holidays, as well as two additional holidays:
- Columbus Day
- Veterans Day
The bond markets also observe several early closings at 2 p.m. each year:
- Maundy Thursday (the day before Good Friday)
- The Friday preceding Memorial Day
- The day before Independence Day is observed
- Black Friday (the day after Thanksgiving)
- Christmas Eve
- New Year's Eve
When it comes to the stock and bond markets alike, if a holiday falls on a weekend, market closures are dictated by two rules:
- If the holiday falls on a Saturday, the market will close on the preceding Friday.
- If the holiday falls on a Sunday, the market will close on the subsequent Monday.
Stock and Bond Market Hours
The "core trading" stock market hours for the NYSE and Nasdaq are 9:30 a.m. to 4 p.m. on weekdays. However, both exchanges offer premarket trading hours between 4 and 9:30 a.m., as well as late trading hours between 4 and 8 p.m.
Bond markets typically trade between 8 a.m. and 5 p.m.
Why the limited hours when there are people who would want to buy and sell 24/7?
One of the main reasons is "liquidity," which is how much buying and selling is going on at a given time. The more liquidity in a particular security, the likelier you are to get a fair price on it; the less liquidity, the more likely you might have to settle for a less-than-ideal price to finish off a transaction.
"For the market to function effectively, you need buyers and sellers," says Charles Sizemore, Principal of Sizemore Capital Management. "This is why the stock market has set hours that happen to correspond to the East Coast workday. You want the maximum number of traders buying and selling at the same time.
"If you were at an estate auction selling your grandmother's antiques, you'd want a lot of bidders there. It's the same rationale in the stock market."