The stock market doesn’t operate seven days a week, 24 hours a day. The NYSE and the Nasdaq exchanges are closed on various days every year. Many investors wonder if the stock market will be open as usual on Christmas Eve and the answer is no. What can investors expect over the holidays? What are the stock market holidays in 2021?
In December 2020, stock markets have risen to record levels. Investors are optimistic about a COVID-19 vaccine. Trading tends to be slower during the week of Christmas.
Is the stock market open on Christmas Eve?
The stock market will open at the normal time on Christmas Eve, but the trading day will be shorter. The stock market will close early at 1:00 p.m. ET on Dec. 24. The normal trading hours for the Nasdaq and the NYSE are 9:30 a.m. to 4:00 p.m. ET on weekdays.
The U.S. bond market will be open on Christmas Eve, but it will close early at 2:00 p.m. ET. Currency markets may also be open on Dec. 24 for reduced hours, but this may differ.
Is the stock market open on Christmas Day?
The U.S. stock market will be closed on Dec. 25 in observance of Christmas Day. The bond market will also be closed. Normal trading hours will resume on Dec. 28.
Major global markets will be closed on Dec. 25 for Christmas. The London Stock Exchange closes at 7:30 a.m. ET (12:30 p.m. UTC) on Christmas Eve, while the Toronto Stock Exchange shuts down at 1:00 p.m. ET. Both exchanges are closed on Christmas Day and on Dec. 28 (Boxing Day holiday observed). Both exchanges will reopen on Dec. 29. In contrast, the Shanghai Stock Exchange will remain open throughout the holiday.
Stock market holidays for 2021
The NYSE lists nine major holidays when the stock market will be closed in 2021:
- Friday, Jan. 1 for New Years Day
- Monday, Jan. 18 for Martin Luther King, Jr. Day
- Monday, Feb. 15 for Washington’s Birthday
- Friday, Apr. 2 for Good Friday
- Monday, May 31 for Memorial Day
- Monday, July 5 for Independence Day (July 4 holiday observed)
- Monday, Sept. 6 for Labor Day
- Thursday, Nov. 25 for Thanksgiving Day
- Friday, Dec. 24 for Christmas Day (Christmas holiday observed)
Generally, whenever a holiday falls on a Saturday, the stock market will be closed on the Friday before that weekend. If the holiday falls on a Sunday, the stock market will be closed on the subsequent Monday to observe the holiday.
The stock market is open on some federal, banking, and religious holidays. For example, the markets will remain open on Veterans Day.
In December 2020, the S&P 500 Index, the Dow Jones Industrial Average, and the Nasdaq Composite Index each registered all-time highs. The markets have surged due to optimism about a COVID-19 vaccine. Last week, the FDA approved Pfizer’s COVID-19 vaccine for emergency use.
Currently, the U.S. has more than 16.5 million COVID-19 cases based on data compiled by Johns Hopkins University. At least 301,264 deaths in the U.S. have been linked to the devastating coronavirus pandemic.