Is the stock market open on Labor Day? The answer to this question is no. The stock market will be closed Monday, September 4, for the Labor Day holiday. Bond traders will get an extended weekend too, with the bond market also closed on Monday.
Unlike some market holidays, however, there are no early hours ahead of Labor Day. The New York Stock Exchange (NYSE), Nasdaq Stock Market and bond market all have regular trading hours on Friday, September 1.
The long holiday weekend will likely be welcomed by investors following a turbulent August. For the month, the Dow Jones Industrial Average finished down 2.4%, while the Nasdaq Composite shed 2.2% and the S&P 500 slumped 1.8%.
But given the impressive run stocks had in the first half of the year, this pullback should be considered more of a "healthy alignment" vs signs of trouble ahead, says Rod von Lipsey, managing director at UBS Private Wealth Management. "Sentiment had previously been overly optimistic about Federal Reserve policy and earnings," the strategist notes.
Von Lipsey does anticipate muted – but not necessarily lower – price action the remainder of the year, adding that bonds are his "preferred asset class," as they will likely benefit from slower economic growth and higher-for-longer interest rates. Given this backdrop, equity investors should be able to find opportunities in sectors that have lagged this year, such as energy and consumer staples, rather than popular tech stocks, which are too pricey at this point.
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 open on Labor Day? The answer to that question is no. Monday, September 4, is one of several bank holidays in 2023, and so banks will also be closed.
Below, we feature a full schedule of all stock market and bond market holidays for 2023.
2023 stock market holidays
|Monday, Jan. 2||New Year's Day (Observed)||Closed||Closed||Closed|
|Monday, Jan. 16||Martin Luther King, Jr. Day||Closed||Closed||Closed|
|Monday, Feb. 20||Presidents' Day/Washington's Birthday||Closed||Closed||Closed|
|Thursday, April 6||Maundy Thursday||Open||Open||Early close (2 p.m.)|
|Friday, April 7||Good Friday||Closed||Closed||Closed|
|Friday, May 26||Friday Before Memorial Day||Open||Open||Early close (2 p.m.)|
|Monday, May 29||Memorial Day||Closed||Closed||Closed|
|Monday, June 19||Juneteenth National Independence Day||Closed||Closed||Closed|
|Monday, July 3||Monday Before Independence Day||Early close (1 p.m.)||Early close (1 p.m.)||Early close (2 p.m.)|
|Tuesday, July 4||Independence Day||Closed||Closed||Closed|
|Monday, Sept. 5||Labor Day||Closed||Closed||Closed|
|Monday, Oct. 9||Columbus Day||Open||Open||Closed|
|Friday, Nov. 10||Veterans Day||Open||Open||Closed|
|Thursday, Nov. 23||Thanksgiving Day||Closed||Closed||Closed|
|Friday, Nov. 24||Day After Thanksgiving||Early close (1 p.m.)||Early close (1 p.m.)||Early close (2 p.m.)|
|Monday, Dec. 25||Christmas Day||Closed||Closed||Closed|
* This is the recommended bond market holiday schedule from the Securities Industry and Financial Markets Association (SIFMA). This schedule is subject to change.
With over a decade of experience writing about the stock market, Karee Venema is an investing editor and options expert 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.
How To Get the Best Savings Account Bonuses
By opening the right savings account today, you could be maximizing your earnings through both compound interest and cash bonuses.
By Erin Bendig Published
Find The Best 30-Year Mortgage Rates
30-year mortgage rates — check out the best here.
By Erin Bendig Published