Labor Day is a federal holiday that celebrates the achievements and contributions of American workers. Most businesses close for the day to give their employees a chance to rest and enjoy the last bit of summer with their family. The occasion is usually marked with backyard barbecues, parades, and a big football game to kick off the season.
But since Labor Day falls on the first Monday of September, you probably have things you need to do and can’t spend the whole day partying. If you’re an investor, you may want to manage your portfolio or make some trades. So you may be wondering, is the stock market closed on Labor Day? We’ll cover everything you need to know about the stock market’s holiday schedule below.
Is The Stock Market Closed On Labor Day?
The stock market is usually open from 9:30 a.m. to 4 p.m. on weekdays. But unfortunately, both the NYSE and NASDAQ will be closed on Monday, September 6th, 2021 in observance of Labor Day. So you’ll have to take care of any trades you need to make on Friday, September 3rd or wait until Tuesday after Labor Day is over.
Is The Bond Market Closed On Labor Day?
The bond market follows a different holiday schedule than the NYSE and NASDAQ. But this Labor Day, the bond market will be closed just like the stock market, so make sure you plan accordingly. You’ll either need to take care of business on Friday before 5 p.m. or wait until the bond market reopens on Tuesday at 8 a.m.
Stock Market Holiday Schedule
You may also be wondering what other holidays the stock market will be closed for this year. The NYSE and NASDAQ usually close on nine holidays, including Labor Day, Thanksgiving Day, and Christmas Day. You also won’t be able to make trades on:
- New Year’s Day
- MLK Day
- Presidents Day
- Good Friday
- Memorial Day
- Fourth of July
Sometimes the stock market will close early on the day before or after a holiday. For example, you won’t be able to make trades on the day after Thanksgiving past 1 p.m.
If a holiday falls on a weekend, the stock market typically closes on the preceding or following weekday, which is another thing to be aware of.
Bond Market Holiday Schedule
As mentioned above, the bond market follows a slightly different holiday schedule than the stock market, so it’s important to keep track of both if you’re an investor.
The bond market observes all the same holidays as the stock market, but shuts down on two additional holidays—Veterans Day and Columbus Day. It’s also worth noting that the bond market shuts down early on Good Friday instead of closing completely.
The bond market will also close early on a few other days this year, including:
- Christmas Eve
- New Year’s Eve
- The day after Thanksgiving (Black Friday)
- Friday before Memorial Day
- Friday before Fourth of July
You’ll only be able to buy and sell bonds until 2 p.m. on these days, so mark your calendar as a reminder. It’s also important to remember that the bond market may close on the preceding or following weekday if a holiday falls on a weekend.
The stock market and bond market are usually closed on important holidays like Labor Day, which can be an inconvenience. But with a little advance planning, hopefully your trades will still go smoothly.
What are you planning to do on Labor Day while the markets are closed? Let us know in the comments section below!
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