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What are the stock market holidays in 2023? You can answer when the stock market will open or close in 2023 using our guide to temporary stock market and bond market holidays for the next 12 months.
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For those who want to answer other questions, such as when the market opens, regular stock market trading hours for the New York Stock Exchange (NYSE) and the Nasdaq stock market are 9:30 a.m. to 4 p.m. On weekdays Eastern, stock markets close at 1:00 p.m. Stock markets close earlier than 2:00 am on holidays. (All Eastern time unless otherwise noted.)
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That’s because Congress voted in 2021 to make June 19 — the date that slavery ended — the 12th federal holiday. When President Joe Biden signed the bill (opens in new tab), June 19 became Martin Luther King Jr. Day, the first new federal holiday passed in 1983. In 2023, the markets will be closed on Monday, June 19. , the most recent federal holiday.
* This is a securities market holiday program recommended by the Securities Industry and Financial Markets Association (SIFMA). This program is subject to change.
Holiday Hours And Closures
However, in some cases, the stock market is closed on days before or after market holidays. For example, the NYSE and Nasdaq close at 1 p.m. The day after Thanksgiving, Christmas Eve (if it falls on a weekday) and July 3rd (if both and July 4th fall on a weekday).
When it comes to stock and bond markets, if a holiday falls on a holiday weekend, market closure is governed by two rules:
“Prime trading” stock market hours for the NYSE and Nasdaq are 9:30 a.m. to 4 p.m. on weekdays.
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However, both exchanges will close pre-market trading hours from 4 am to 9:30 am and trading hours from 4 pm to 8 pm.
Why does the stock market offer such limited hours when there are people willing to trade 24 hours a day?
One of the key factors is “Liquidity”, which is the volume of buying and selling at a given point in time. The more liquid a particular security is, the more reasonable the price. If you have less cash, you may have to settle for less than a fair price to close the deal.
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“For a market to work effectively, you need buyers and sellers,” says Charles Sizemore, managing director of Sizemore Capital (opens in new tab). That’s why the stock market has its trading hours aligned with the East Coast trading day.
If you’re selling your grandfather’s antiques at an estate auction, you’ll need a lot of auctioneers. The same logic applies to the stock market.
Circuit breakers were first identified in October 1987 after the Black Monday crash. The Dow fell 23% in a single session, a record for the day.
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Circuit breakers are designed to prevent shock soldering. Like a sports timeout call, a temporary halt in trading allows market participants to catch their breath, but does not allow stocks to fall after trading resumes.
A Level 1 or 2 violation will result in transaction suspension for at least 15 minutes. A level 3 trail stops trading for the rest of the trading day.
Level 1 and Level 2 Circuit Breakers 9:30 a.m. and can wake up by 3:25 p.m. ET Level 3 violations can occur at any time.
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Historically, the market has closed following several catastrophic events. The attacks on the World Trade Center and the Pentagon caused the market to close on September 11, 2001, and the exchange remained closed until September 17.
Before that, you have to go back to World War I as an example of a stock market crash. The New York Stock Exchange was closed from July 31 to November 28, 1914 due to the outbreak of war in Europe.
The market has only gone dark twice in its history. During the Panic of 1873, the NYSE was closed for 10 days. and a week off for the assassination of President Abraham Lincoln in 1865.
Holiday Greetings And Closures
Additionally, markets typically close when a former president dies, most recently for the funeral of former US President George HW Bush in December 2018.
Kyle Woodley is the editor of Young & Investing (opens in new tab), a site dedicated to improving personal finance and financial literacy for parents and children. He also writes The Weekend Tea (opens in new tab), a weekly newsletter that covers news and analysis on spending, saving, investing, the economy and more.
Kyle was previously Senior Investment Editor and before that Managing Editor of InvestorPlace.com. Yahoo! Finance, MSN Money, Bacharts, Globe & Mail and Nasdaq. He has appeared as a guest on Fox Business Network and Money Radio, among other shows and podcasts, and has been quoted in numerous outlets including MarketWatch, VICE and Univision. He earned a bachelor’s degree in journalism from The Ohio State University.