Is the stock market open on Labor Day? The answer to this question is no. The stock market will be closed Monday, September 4, for the Labor Day holiday. Bond traders will get an extended weekend too, with the bond market also closed on Monday.
Unlike some market holidays, however, there are no early hours ahead of Labor Day. The New York Stock Exchange (NYSE), Nasdaq Stock Market and bond market all have regular trading hours on Friday, September 1.
The long holiday weekend will likely be welcomed by investors following a turbulent August. As of this writing, the Dow Jones Industrial Average is down 2.7% for the month-to-date, while the S&P 500 is off 3.4% and the Nasdaq Composite is 4.7% lower.
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But given the impressive run stocks had in the first half of the year, this pullback should be considered more of a “healthy alignment” vs signs of trouble ahead, says Rod von Lipsey, managing director at UBS Private Wealth Management. “Sentiment had previously been overly optimistic about Federal Reserve policy and earnings,” the strategist notes.
Von Lipsey does anticipate muted – but not necessarily lower – price action the remainder of the year, adding that bonds are his “preferred asset class,” as they will likely benefit from slower economic growth and higher-for-longer interest rates. Given this backdrop, equity investors should be able to find opportunities in sectors that have lagged this year, such as energy and consumer staples, rather than popular tech stocks, which are too pricey at this point.
Meanwhile, for those wondering what time does the market open for regular trading hours, both the Nasdaq Stock Market and the New York Stock Exchange (NYSE) run from 9:30 am to 4:00 pm Eastern time Monday through Friday.
Are banks open on Labor Day? The answer to that question is no. Monday, September 4, is one of several bank holidays in 2023, and so banks will also be closed.
Below, we feature a full schedule of all stock market and bond market holidays for 2023.
2023 stock market holidaysSwipe to scroll horizontally
DateHolidayNYSENasdaqBond Markets*Monday, Jan. 2New Year’s Day (Observed)ClosedClosedClosedMonday, Jan. 16Martin Luther King, Jr. DayClosedClosedClosedMonday, Feb. 20Presidents’ Day/Washington’s BirthdayClosedClosedClosedThursday, April 6Maundy ThursdayOpenOpenEarly close (2 p.m.)Friday, April 7Good FridayClosedClosedClosedFriday, May 26Friday Before Memorial DayOpenOpenEarly close (2 p.m.)Monday, May 29Memorial DayClosedClosedClosedMonday, June 19Juneteenth National Independence Day ClosedClosedClosedMonday, July 3Monday Before Independence DayEarly close (1 p.m.)Early close (1 p.m.)Early close (2 p.m.)Tuesday, July 4Independence DayClosedClosedClosedMonday, Sept. 5Labor DayClosedClosedClosedMonday, Oct. 9Columbus DayOpenOpenClosedFriday, Nov. 10Veterans DayOpenOpenClosedThursday, Nov. 23Thanksgiving DayClosedClosedClosedFriday, Nov. 24Day After ThanksgivingEarly close (1 p.m.)Early close (1 p.m.)Early close (2 p.m.)Monday, Dec. 25Christmas DayClosedClosedClosed* This is the recommended bond market holiday schedule from the Securities Industry and Financial Markets Association (SIFMA). This schedule is subject to change.
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