Key insights

• Next Monday, October 14th, is Columbus Day, a federal holiday.

• Stock and bond markets typically follow the federal holiday schedule, but the New York Stock Exchange and Nasdaq will have normal hours on Monday.

• However, the bond markets as well as many banks and government institutions such as the post office will remain closed.

This year, October 14th is the second Monday in October, the day on which Columbus Day is celebrated in the United States. This means you may be wondering whether the stock markets will be open for trading.

Considering that the New York Stock Exchange (NYSE) and Nasdaq largely follow the federal closure holiday calendar, it might be a surprise that both will be open and operating normally on Monday.

The two remaining holidays on the exchanges’ respective 2024 calendars are Thanksgiving and Christmas, with additional reduced hours the day after Thanksgiving and Christmas Eve.

However, federal operations such as the Federal Reserve and post offices will be closed, as will commercial banks that are following the federal holiday schedule. The bond markets are also closed.

Read the original article on Investopedia.