Is the Stock Market Open on Presidents' Day?

Both the stock and bond markets will be closed this Monday to honor all those who have served as president of the United States.

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Is the stock market open on Presidents' Day? The answer to this question is no. The stock market will be closed Monday, Feb. 20, for Presidents' Day, or Washington's Birthday, as the holiday is also known.

Washington's Birthday became a federal holiday in 1879, and was celebrated on Feb. 22 until 1970, when it was moved to the third Monday in February. The three-day weekend marks the third stock market holiday of 2023.

Bond traders will get the day off, too, with the bond market closed on Monday, Feb. 20, for Presidents' Day.

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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 a.m. to 4:00 p.m. Eastern time Monday through Friday.

Are banks closed on Presidents' Day too? The answer to that question is yes. Monday, Feb. 20, is one of 11 bank holidays in 2023.

Considering it's tax season 2023, it would be prudent to use the three-day weekend to get a head start on your tax preparation. Investors can check out the income tax brackets and standard deduction for 2022 versus 2023, and also take a look at the capital gains tax rates.

Below, we feature a full schedule of all stock market and bond market holidays for 2023. Please note that the list of stock market holidays actually grew by one day in 2022. That's because Congress voted in 2021 to make Juneteenth – the June 19 holiday commemorating the end of slavery – the 11th federal holiday. When President Joe Biden signed the bill, Juneteenth became the first new federal holiday since Martin Luther King Jr. Day in 1983.

2023 Market Holidays

Swipe to scroll horizontally
DateHolidayNYSENasdaqBond Markets*
Monday, Jan. 2New Year's Day (Observed)ClosedClosedClosed
Monday, Jan. 16Martin Luther King, Jr. DayClosedClosedClosed
Monday, Feb. 20Presidents' Day/Washington's BirthdayClosedClosedClosed
Thursday, April 6Maundy ThursdayOpenOpenEarly close (2 p.m.)
Friday, April 7Good FridayClosedClosedClosed
Friday, May 26Friday Before Memorial DayOpenOpenEarly close (2 p.m.)
Monday, May 29Memorial DayClosedClosedClosed
Monday, June 19Juneteenth National Independence Day ClosedClosedClosed
Monday, July 3Monday Before Independence DayEarly close (1 p.m.)Early close (1 p.m.)Early close (2 p.m.)
Tuesday, July 4Independence DayClosedClosedClosed
Monday, Sept. 5Labor DayClosedClosedClosed
Monday, Oct. 9Columbus DayOpenOpenClosed
Friday, Nov. 10Veterans DayOpenOpenClosed
Thursday, Nov. 23Thanksgiving DayClosedClosedClosed
Friday, Nov. 24Day After ThanksgivingEarly close (1 p.m.)Early close (1 p.m.)Early close (2 p.m.)
Monday, Dec. 25Christmas DayClosedClosedClosed

* This is the recommended bond market holiday schedule from the Securities Industry and Financial Markets Association (SIFMA). This schedule is subject to change.

Karee Venema
Contributing Editor, Kiplinger.com

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.