Stock Market Hours on New Year’s Eve: Open or Closed?
2024 is wrapping up, and investors are curious about the stock market’s schedule for New Year’s Eve on December 31. During the holiday season, trading hours often see adjustments, so let’s dive into whether the market will be open or closed on that day.
New Year’s Eve: Not a Federal Holiday
New Year’s Eve, falling on Tuesday, December 31, is not considered a federal holiday, according to the U.S. Office of Personnel Management. This means that U.S. stock markets will indeed be open on December 31, 2024. Both the Nasdaq and the New York Stock Exchange will conduct regular trading sessions before shutting down for New Year’s Day. However, keep in mind that the U.S. bond markets will close early on December 31, with trading wrapping up at 2 p.m. ET.
Banking Hours on New Year’s Eve
Given that New Year’s Eve isn’t a federal holiday, most banks will remain open. However, it’s wise to double-check with your local branch, as hours can vary. According to USA Today, banks like Bank of America, Capital One, PNC, Truist, and CitiBank will keep their doors open for customers.
Business Operations on New Year’s Eve
For those wondering about other businesses, rest assured that most will continue operating on New Year’s Eve. Whether it’s grocery stores, pharmacies, or retail outlets, you can expect them to stay open. Walmart will maintain its regular hours, while Target stores will operate on both days, with some locations potentially closing early on New Year’s Eve.
New Year’s Day: A Federally Observed Holiday
Moving on to New Year’s Day, falling on Wednesday, January 1, 2025, this day is indeed a federally observed holiday, as stated by the U.S. Office of Personnel Management. As a result, all NYSE markets will be closed on New Year’s Day. Similarly, the U.S. bond markets will also take a break on that day, according to the Securities Industry and Financial Markets Association.
In conclusion, while the stock market and most businesses will be open on New Year’s Eve, it’s essential to note the closures on New Year’s Day for the stock market, banks like Bank of America and Wells Fargo, the U.S. Postal Service offices, and shipping services such as UPS and FedEx. Make sure to plan accordingly and enjoy a smooth transition into the new year!