The stock market doesn't operate 24 hours a day, seven days a week. Each year the New York Stock Exchange and the Nasdaq markets are both closed on specific dates. For investors wondering whether the markets will be open as usual on Thanksgiving, the answer is no. Here’s a bit more about Thanksgiving and other 2020 stock market holidays.
Is the stock market open on Thanksgiving?
Thanksgiving Day falls on Thursday, Nov. 26, 2020. As is customary, the U.S. stock exchange is closed to trading on Thanksgiving Day on both the NYSE and the Nasdaq Composite, according to MarketBeat.
In 2021, the stock market will be closed Thursday, Nov. 25 for Thanksgiving. In 2022, it will be closed on Thursday, Nov. 24 in observance of Thanksgiving as well.
Is the stock market open the day after Thanksgiving?
The stock market will be open for trading on the day after Thanksgiving or “Black Friday.” However, the NYSE and Nasdaq won't be open from 9:30 a.m. ET to 4 p.m. ET like normal. The stock market will be open on an abbreviated schedule. Trading closes at 1 p.m. ET the day after Thanksgiving, according to MarketBeat.
Does the stock market have other special hours?
There are a few other dates with special stock market hours. In addition to the day after Thanksgiving, the markets will be open for shortened hours from 9:30 a.m. ET to 1 p.m. ET on Dec. 24 or Christmas Eve.
Stock market holidays for 2020
The NYSE lists nine major holidays when the market has been or will be closed in 2020:
- Wednesday, Jan. 1 for New Year’s Day
- Monday, Jan. 20 for Martin Luther King, Jr. Day
- Monday, Feb. 17 for President’s Day/Washington’s Birthday
- Friday, April 10 for Good Friday
- Monday, May 25 for Memorial Day
- Friday, July 3 for Independence Day (observed)
- Monday, Sept. 7 for Labor Day
- Thursday, Nov. 26 for Thanksgiving Day
- Friday, Dec. 25 for Christmas Day
In general, whenever a holiday falls on a Saturday, the NYSE and Nasdaq will close the Friday before that weekend. If a holiday falls on a Sunday, the stock markets will be closed on the following Monday to observe the holiday, according to MarketBeat.
The stock market doesn't close in observance of certain federal, banking, and religious holidays. For example, the markets will be open on Veterans Day and Election Day.
Unofficially, market closings usually don't last longer than three consecutive days. MarketBeat noted that closures can occur for reasons like terrorist attacks, extreme weather conditions, or technical issues on a trading platform. Longer closures occurred during Superstorm Sandy in 2012 and just after the Sept. 11, 2001, terrorist attacks, according to AARP.
Sam Stovall, the chief investment strategist at investment research firm CFRA, explained part of the reasoning for the unofficial policy. Avoiding closures of longer than three days may help prevent “investor angst,” which could grow during extended closing periods.
According to AARP, Stovall said, “Since fear is a greater motivator than greed, I think investors don't want to be denied access to their money for too long.”