Money may never sleep, but the Stock Market doesâ€”at least on Christmas Day.
As noted on its website, the New York Stock Exchange will observe Christmas Day on Friday and the markets will be closed. December 25 also has two asterisks next to the date, which indicate that the markets will close early on Christmas Eve. Those looking to get last-minute trading in before eating their Christmas ham will need to do so before the early afternoon.
“Each market will close early at 1:00 p.m. (1:15 p.m. for eligible options) on Thursday, December 24, 2020. Crossing Session orders will be accepted beginning at 1:00 p.m. for continuous executions until 1:30 p.m. on this date, and NYSE American Equities, NYSE Arca Equities, NYSE Chicago, and NYSE National late trading sessions will close at 5:00 pm. All times are Eastern Time,” the note at the bottom of the page says.
The Nasdaq operates on the same schedule, closing at 1 p.m. on Christmas Eve and remaining closed throughout Christmas Day.
According to Investopedia, the typical hours for those two stock exchanges are 9:30 a.m. until 4 p.m, with the Nasdaq having pre-market hours from 4 a.m. until opening, and after-hours trading extending until 8 p.m.
While the Stock Market will be open for at least a little while this Christmas Eve, it will be closed for all of Christmas Eve next year. Because Christmas Day 2021 falls on a Saturday, both the Nasdaq and NYSE calendars note that the markets will be closed on December 24 in observance of the holiday.
The Stock Market will also be shut down on New Year’s Day, which falls on a Friday, to kick off 2021. Unlike with Christmas, the markets do not close early on New Year’s Eve, and those looking to make trades can do so during normal trading hours on Thursday, December 31.
Other holidays that will be observed by the NYSE and Nasdaq in 2021 include Dr. Martin Luther King Jr. Day (January 18); President’s Day, a.k.a. Washington’s Birthday (February 15); Good Friday (April 2); Memorial Day (May 31); Independence Day (which will be observed on Monday July 5, rather than the Fourth of July); Labor Day (September 6); and Thanksgiving (November 25).
As with this year’s Christmas Eve, the markets will also close early the day after Thanksgiving 2021 (so that’s November 26), at 1 p.m.