Monday, September 4, 2023, is Labor Day, a federal holiday that many companies and entities celebrate with holiday closures. Since many people end up with a day off from work due to the holiday, some may want to use the time to handle certain activities, like completing stock trades. But you may be wondering, “Is the stock market closed on Labor Day 2023?” If you’re asking that question, here’s what you need to know.
Is the Stock Market Closed on Labor Day 2024?
Yes, the US stock market is closed on Labor Day. Both the New York Stock Exchange (NYSE) and Nasdaq use the same holiday schedule, and while they’re both typically open on Mondays, they are closing in recognition of the holiday.
Additionally, both stock markets don’t have traditional trading hours on Saturdays or Sundays. As a result, if you need to complete trades before Labor Day, you’ll need to wrap them up on Friday, August 30, 2024. Otherwise, you’ll have to wait until the Tuesday after the holiday, which is September 3, 2024.
Do Markets Use A Holiday Schedule on the Friday Before Labor Day?
No. Stock markets are open regular hours the Friday before Labor Day. While the Nasdaq and NYSE do occasionally close early on the day before a holiday, that isn’t the case for the Labor Day holiday. As a result, normal trading session hours are in place for Friday, August 30, 2024.
Are International Stock Markets Closed on Labor Day?
Generally speaking, international stock markets are open on Labor Day. In the end, Labor Day is a US holiday, so it isn’t recognized by other nations. That means those markets are typically open on Labor Day.
However, there’s always a chance a foreign holiday also occurs on Labor Day. If that happens, then the corresponding international stock market may close to recognize that event.
US Stock Market 2024 Holiday Schedule
Whether you’re an active trader or a casual investor, it’s critical to know the stock market holiday schedules. That allows you to plan your trades accordingly, ensuring any transactions will go through at the right time. Plus, it allows you to seize certain trading opportunities that holiday closures can create, which may work in your favor.
Here is a look at the NYSE and Nasdaq holiday schedule for 2024:
New Year’s Day – Monday, January 1
Martin Luther King, Jr. Day – Monday, January 15
President’s Day – Monday, February 19
Good Friday – Friday, April 29
Memorial Day – Monday, May 27
Juneteenth – Wednesday, June 19
Independence Day – Thursday, July 4
Labor Day – Monday, September 2
Thanksgiving Day – Thursday, November 28
Christmas Day – Wednesday, December 25
It’s also important to note that the stock market typically closed early on the Friday following Thanksgiving. Usually, the normal trading session ends at 1:00 p.m. EDT on that day, so it’s crucial to plan accordingly if you are planning on trading on the Friday after Thanksgiving.
Are Cryptocurrency Markets Open On Labor Day?
Yes. Cryptocurrency markets are also open on Labor Day 2023. Unlike stock markets, crypto markets are international and are generally based on distributed computing networks. As a result, cryptocurrency markets are open 24 hours a day, 365 days a year.
Investors should be aware that although cryptocurrency markets are open all the time, trade execution times depend a great deal on market activity. For example, most trading activity happens between 8:00 a.m. and 4:00 p.m. local time. Fees for trading may also be higher during times of peak activity and lower during off hours.
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