Stock Market Holidays 2025: Are NYSE and Nasdaq Open?

The New York Stock Exchange (NYSE) closes for 10 holidays in 2025, including Independence Day, and the Nasdaq Stock Market follows the same schedule. The exchanges will not operate on Friday, July 4, and they close early (at 1 p.m.) on Thursday, July 3.

Here is the 2025 holiday schedule for the NYSE and Nasdaq:

• New Year’s Day: Wednesday, Jan. 1
• Martin Luther King Jr. Day: Monday, Jan. 20
• Washington’s Birthday: Monday, Feb. 17
• Good Friday: Friday, April 18
• Memorial Day: Monday, May 26
• Juneteenth National Independence Day: Thursday, June 19
• Independence Day: Friday, July 4
• Labor Day: Monday, Sept. 1
• Thanksgiving: Thursday, Nov. 27
• Christmas: Thursday, Dec. 25

The exchanges typically operate from 9:30 a.m. to 4 p.m. ET on business days. They close early, at 1 p.m. ET, on three occasions in 2024: the day before Independence Day, the day after Thanksgiving (Friday, Nov. 28), and Christmas Eve (Wednesday, Dec. 24).

Bond market and bank holidays differ

Bond traders follow a different holiday calendar under guidelines set by the Securities Industry and Financial Markets Association, a trade group representing securities firms, banks and asset management companies. U.S. bond markets close on all 10 days the stock exchanges are silent, including July 4, plus Columbus Day (Monday, Oct. 13) and Veterans Day (Tuesday, Nov. 11).

Bond markets close early (at 2 p.m. ET) on July 3 and three more occasions in 2025: the day after Thanksgiving, Christmas Eve and New Year’s Eve.

The stock market calendar also differs from the Federal Reserve System holiday schedule most U.S. banks follow. The Fed observes Columbus Day and Veterans Day, does not take Good Friday off, and has no formally scheduled early closing days.

Stock exchanges rarely sleep for long

Except in rare circumstances, three-day holiday weekends are the longest time the stock market goes quiet. The exchanges have closed for more than three days running only a handful of times in the past century, including during Superstorm Sandy in 2012 and after the 9/11 attacks in 2001.

The three-day limit is not a formal policy but rather a rule of thumb that prevents “investor angst” from building up during an extended down period and creating volatility when the market reopens, says Sam Stovall, chief investment strategist at the investment research firm CFRA.

“There’s an old saying that bull markets take the escalator while bear markets take the elevator,” Stovall says. “Since fear is a greater motivator than greed, I think investors don’t want to be denied access to their money for too long. Otherwise they end up taking money off the table, especially if some unnerving event occurred while the exchange was closed.”