Is the Stock Market Open on Christmas in 2025?
Market participants get to enjoy a mid-week Christmas break with family and friends this year.
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Is the stock market open on Christmas Eve and Christmas? The answer to that question is no-ish. That's because Christmas Eve is an early closure day for Wall Street, while both the stock and bond markets are closed for the entirety of Christmas Day.
This year, Christmas Eve falls on Wednesday, December 24, so the stock market closes at 1 pm Eastern Standard Time, and the bond market will close at 2 pm. Christmas Day is on Thursday, December 25.
The stock market has built up impressive gains so far this year, aided in part by the Federal Reserve's rate-cutting efforts and a muted impact on inflation from President Donald Trump's tariff policies. As of this writing, the Nasdaq Composite is up 20% for the year to date, while the S&P 500 is 16% higher and the Dow Jones Industrial Average has added 13%.
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While markets have had a mixed start to the final month of the year – the Dow is up 1%, while the S&P 500 and Nasdaq are in the red – they could resume their momentum into year's end.
"There is still time for stocks to stage a Santa Claus rally, which historically comes during the final few trading days of the year," says Alexander Guiliano, chief investment officer at Resonate Wealth Partners. "Even though markets have been choppy for about six weeks, the backdrop remains strong and this contraction in valuations is presenting opportunities for investors who don't have enough stock exposure."
Are banks open on Christmas? The answer to that question is no. Christmas Day is one of several bank holidays in 2025, so banks will not be open.
Below, we feature a full schedule of all stock market holidays and bond market holidays for 2025.
2025 stock market holidays
Date | Holiday | NYSE | Nasdaq |
Wednesday, January 1 | New Year's Day | Closed | Closed |
Monday, January 20 | Martin Luther King, Jr. Day | Closed | Closed |
Monday, February 17 | Presidents' Day/Washington's Birthday | Closed | Closed |
Thursday, April 17 | Maundy Thursday | Open | Open |
Friday, April 18 | Good Friday | Closed | Closed |
Friday, May 23 | Friday before Memorial Day | Open | Open |
Monday, May 26 | Memorial Day | Closed | Closed |
Thursday, June 19 | Juneteenth National Independence Day | Closed | Closed |
Thursday, July 3 | Day before Independence Day | Early close (1 pm) | Early close (1 pm) |
Friday, July 4 | Independence Day | Closed | Closed |
Monday, September 1 | Labor Day | Closed | Closed |
Monday, October 13 | Columbus Day/Indigenous Peoples' Day | Open | Open |
Tuesday, November 11 | Veterans Day | Open | Open |
Thursday, November 27 | Thanksgiving Day | Closed | Closed |
Friday, November 28 | Day after Thanksgiving/Black Friday | Early close (1 pm) | Early close (1 pm) |
Wednesday, December 24 | Christmas Eve | Early close (1 pm) | Early close (1 pm) |
Thursday, December 25 | Christmas Day | Closed | Closed |
Wednesday, December 31 | New Year's Eve | Open | Open |
2025 bond market holidays
Date | Holiday | Bond Markets |
Wednesday, January 1 | New Year's Day | Closed |
Monday, January 20 | Martin Luther King, Jr. Day | Closed |
Monday, February 17 | Presidents' Day/Washington's Birthday | Closed |
Thursday, April 17 | Maundy Thursday | Early close |
Friday, April 18 | Good Friday | Closed |
Friday, May 23 | Friday before Memorial Day | Early close |
Monday, May 26 | Memorial Day | Closed |
Thursday, June 19 | Juneteenth National Independence Day | Closed |
Thursday, July 3 | Day before Independence Day | Early close |
Friday, July 4 | Independence Day | Closed |
Monday, September 1 | Labor Day | Closed |
Monday, October 13 | Columbus Day/Indigenous Peoples' Day | Closed |
Tuesday, November 11 | Veterans Day | Closed |
Thursday, November 27 | Thanksgiving Day | Closed |
Friday, November 28 | Day after Thanksgiving/Black Friday | Early close |
Wednesday, December 24 | Christmas Eve | Early close |
Thursday, December 25 | Christmas Day | Closed |
Wednesday, December 31 | New Year's Eve | Early close |
* 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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