US Stock Market Holiday List for 2024 – Investing Abroad News

2024 is off to a great start for the stock market, as seen by the Nasdaq, S&P 500, and Dow Jones Industrial Average all setting new records in February. Presidents’ Day, also known as Washington’s Birthday, is the next holiday on the NYSE and Nasdaq calendars. It falls on Monday, February 19, just as the December-quarter results season is starting to wind down.

The American stock market will not open and will remain closed for trading on President’s Day, which is also referred to as Washington’s Birthday. It is always held on the third Monday in February. On Monday, the stock and bond markets will be closed in observance of all former US presidents.

The New York Stock Exchange (NYSE) and Nasdaq are both closed on Monday. After closing at 4 p.m. EST on February 16, the stock market won’t reopen until 9:30 a.m. EST on February 20.

On President’s Day, the U.S. bond market will likewise be shut down, but it’s anticipated that the federal bank, currency, commodities, and overseas financial markets will all be open. Many commercial banks may be closed on Monday.

Every year, the United States Stock Exchange observes nine holidays and one early close: New Year’s Day, Martin Luther King, Jr. Day, President’s Day, Good Friday, Memorial Day, Juneteenth, Independence Day, Labor Day, Thanksgiving (with an early close at 1 p.m. EST on the following day, also known as Black Friday), and Christmas Day.

With the Federal Reserve signaling that it’s likely done raising interest rates to tame inflation, markets are increasingly focused on risks beyond monetary policy, such as the outlook for the economy, earnings and the November US presidential election.

The surprise in the January inflation numbers released on February 12 shows that Fed rate cut may take some time to come. Still, some analysts believe that in its fight against inflation, the Fed will start a recession. However, for the time being, investors are adopting the soft-landing perspective and expanding their horizons to include smaller tech firms and other industries that saw significant declines throughout 2023.

The US will hold elections in 2024. An incumbent president is running for office in an election year is often a good sign for US markets. In those election years, the S&P 500 has gained an average of around 13% since 1949.