Many wonders if the stock market is open or closed on Columbus Day this year. The answer is that the stock market is open on Columbus day, although trading may be lighter than usual.
Is Stock Market Open Or Closed on Columbus Day?
The New York Stock Exchange (NYSE) is open from 9:30 AM to 4 PM EST on Columbus Day, which falls on Monday, October 11th this year. Although trading may be lighter than usual due to the holiday, the stock market will still be open for business.
Interestingly, Columbus Day was not always a federal holiday. It wasn’t until 1937 that President Franklin Roosevelt declared it a national holiday, and it wasn’t until 1971 that it became a paid holiday for federal employees. Some states, such as Alaska, Hawaii, and Oregon, don’t even recognize Columbus Day as a holiday.
So there you have it! The stock market is indeed open on Columbus Day this year. Even though trading may be lighter than usual, there will still be plenty of opportunities to buy and sell stocks. So whether you’re looking to invest in some new companies or cash out of your current positions, you’ll still be able to do so on Monday.