Are banks closed on Columbus Day, or Indigenous Peoples' Day, in 2023? That's a question plenty of folks are asking just ahead of the holiday that marks the voyage and landing of Italian explorer Christopher Columbus in the Americas. The answer is yes, banks are closed on Monday, October 9.
Indigenous Peoples' Day, meanwhile, has been celebrated since the 1990s in tandem with Columbus Day and acknowledges Native American cultures and people who inhabited the Americas prior to European exploration.
Many folks will choose to spend the long holiday weekend with family and friends, though others might prefer to take a few minutes to prepare for Medicare open enrollment, which starts October 15 and goes through December 7. Those enrolling will want to brush up on their Medicare basics ahead of time, as well as take these seven steps to make sure they're prepared.
Another noteworthy event on the horizon is Amazon Prime Day, which runs from October 10 through October 11. This is the e-commerce giant's second shopping event of the year, and Kiplinger editors recently put together a guide on how to bag the best Prime Day deals. Amazon Prime members can start cashing in on some big deals now, including getting a $15 credit by downloading the Amazon Photo app.
Bankers are not the only ones who get to enjoy a long weekend. For those wondering "Is the stock market closed on Columbus Day?," the answer to that is no. Columbus Day/Indigenous Peoples' Day is not one of the many stock market holidays in 2023. However, bond traders get the day off, as the bond market is closed on Monday.
Anyone curious about what time does the market open for regular trading hours, both the Nasdaq Stock Market and the New York Stock Exchange (NYSE) are open from 9:30 am to 4:00 pm Eastern time Monday through Friday.
Below, we feature a full schedule of all U.S. bank holidays for 2023.
Bank holidays 2023
|January 2||Monday||New Year's Day (Observed)|
|January 16||Monday||Martin Luther King, Jr. Day|
|February 20||Monday||President's Day|
|May 29||Monday||Memorial Day|
|July 4||Tuesday||Independence Day|
|September 4||Monday||Labor Day|
|October 9||Monday||Columbus Day|
|November 11||Saturday||Veterans Day|
|November 23||Thursday||Thanksgiving Day|
|December 25||Monday||Christmas Day|
* This is the recommended bank market holiday schedule from the Federal Reserve. 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.
Can I Stop Social Security and Restart it Later?
This articles explains what is required to stop and restart Social Security and details how to do it.
By Jacob Wolinsky Published
Six Estate Planning Tips for Younger Generations
Millennials and Gen Zers are taking their estate planning seriously. These tips can help make the process seem less daunting.
By David Weinstock, CFP®, AEP®, CPA Published