Is the Stock Market Closed on Columbus Day/Indigenous Peoples' Day in 2024?
Some, but not all, investors will enjoy a three-day weekend thanks to the Columbus Day and Indigenous Peoples' Day holidays.
Is the stock market closed on Columbus Day, or Indigenous Peoples' Day, in 2024? The answer to this question is no. The stock market will be open Monday, October 14, for the annual holiday. However, bond traders will get an extended weekend, with the bond market closed on Monday.
Unlike some holidays, however, there are no early hours for bond traders ahead of Columbus Day, with regular trading hours on Friday, October 11.
As a reminder, Columbus Day is a federal holiday that occurs on the second Monday in October and marks the voyage and landing of Italian explorer Christopher Columbus in the Americas. Indigenous Peoples' Day, celebrated since the 1990s in tandem with Columbus Day, acknowledges Native American cultures and people who inhabited the Americas prior to European exploration.
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It's been a pretty choppy start to the fourth quarter. As of this writing, the Dow Jones Industrial Average is down 0.6% for the month to date, while the S&P 500 is off 0.2% and the Nasdaq Composite is 0.03% lower. And while the last three months of the year tend to be one of the most bullish for stocks, plenty could happen between now and December 31 that could spark more volatility.
For one, there's next month's presidential election, though history shows elections have minimal impact on long-term stock market returns, says Tony DeSpirito, global CIO of fundamental equities at BlackRock. There's also the Fed, which includes what central bankers are saying as well as rate cuts, he adds.
DeSpirito notes that volatility, which is healthy and normal, can be a boon for stock pickers. Those looking for the best stocks to buy might consider high-quality large-cap stocks, which tend to outperform in the 12 months following the Fed's first rate cut, he says.
Meanwhile, for those wondering what time does the market open for regular trading hours, both the Nasdaq Stock Market and the New York Stock Exchange (NYSE) run from 9:30 am to 4:00 pm Eastern time Monday through Friday.
Are banks closed on Columbus Day? The answer to that question is yes. Monday, October 14, is one of several bank holidays in 2024, and so banks will be closed.
Below, we feature a full schedule of all stock market holidays and bond market holidays for 2024.
2024 stock market holidays
Date | Holiday | NYSE | Nasdaq |
---|---|---|---|
Monday, January 1 | New Year's Day | Closed | Closed |
Monday, January 15 | Martin Luther King, Jr. Day | Closed | Closed |
Monday, February 19 | Presidents' Day/Washington's Birthday | Closed | Closed |
Thursday, March 28 | Maundy Thursday | Open | Open |
Friday, March 29 | Good Friday | Closed | Closed |
Friday, May 24 | Friday Before Memorial Day | Open | Open |
Monday, May 27 | Memorial Day | Closed | Closed |
Wednesday, June 19 | Juneteenth National Independence Day | Closed | Closed |
Wednesday, July 3 | Monday Before Independence Day | Early close (1 pm) | Early close (1 pm) |
Thursday, July 4 | Independence Day | Closed | Closed |
Monday, September 2 | Labor Day | Closed | Closed |
Monday, October 14 | Columbus Day/Indigenous Peoples' Day | Open | Open |
Monday, November 11 | Veterans Day | Open | Open |
Thursday, November 28 | Thanksgiving Day | Closed | Closed |
Friday, November 29 | Day After Thanksgiving/Black Friday | Early close (1 pm) | Early close (1 pm) |
Thursday, December 24 | Christmas Eve | Early close (1 pm) | Early close (1 pm) |
Wednesday, December 25 | Christmas Day | Closed | Closed |
Tuesday, December 31 | New Year's Eve | Open | Open |
2024 bond market holidays
Date | Holiday | Bond Markets* |
---|---|---|
Monday, January 1 | New Year's Day | Closed |
Monday, January 15 | Martin Luther King, Jr. Day | Closed |
Monday, February 19 | Presidents' Day/Washington's Birthday | Closed |
Thursday, March 28 | Maundy Thursday | Early close (2 pm) |
Friday, March 29 | Good Friday | Closed |
Friday, May 24 | Friday Before Memorial Day | Early close (2 pm) |
Monday, May 27 | Memorial Day | Closed |
Wednesday, June 19 | Juneteenth National Independence Day | Closed |
Wednesday, July 3 | Monday Before Independence Day | Early close (2 pm) |
Thursday, July 4 | Independence Day | Closed |
Monday, September 2 | Labor Day | Closed |
Monday, October 14 | Columbus Day/Indigenous Peoples' Day | Closed |
Monday, November 11 | Veterans Day | Closed |
Thursday, November 28 | Thanksgiving Day | Closed |
Friday, November 29 | Day After Thanksgiving/Black Friday | Early close (2 pm) |
Thursday, December 24 | Christmas Eve | Early close (2 pm) |
Wednesday, December 25 | Christmas Day | Closed |
Tuesday, December 31 | New Year's Eve | Early close (2 pm) |
* This is the recommended bond market holiday schedule from the Securities Industry and Financial Markets Association (SIFMA). This schedule is subject to change.
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With over a decade of experience writing about the stock market, Karee Venema is the senior investing editor at Kiplinger.com. She joined the publication in April 2021 after 10 years of working as an investing writer and columnist at Schaeffer's Investment Research. In her previous role, Karee focused primarily on options trading, as well as technical, fundamental and sentiment analysis.
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