For active traders and investors, keeping track of market holidays is crucial to avoid surprises and plan accordingly. One holiday that comes up each year is Memorial Day, which falls on Monday May 27th in 2024. The question "Is the stock market closed on Memorial Day?" is a common one as the date changes annually. Here's what you need to know about Memorial Day's impact on the U.S. stock markets in 2024.
Memorial Day 2024 - The Markets are Closed
Yes, the New York Stock Exchange (NYSE) and Nasdaq will both be completely closed on Memorial Day, Monday May 27th, 2024 in observance of the Easter holiday. No trading will take place on these major U.S. equity markets.
Why is Memorial Day a Market Holiday?
The U.S. stock market exchanges are closed on Memorial Day because it is a nationally recognized federal holiday, with the purpose to commemorate and honor the men and women who died while serving in the U.S. military.
Plan Ahead for the Long Weekend
With Memorial Day falling on Monday May 27th in 2024, investors and traders should note this creates an extended 3-day weekend. Markets will reopen for normal trading hours on the following Monday, April 1st.
The long Easter weekend tends to result in lower trading volumes and volatility compression leading up to the Friday market close. Traders often avoid holding positions over the extended break to eliminate downside risk from a gap against their positions.
Other Impacted Markets on Memorial Day
While the major U.S. equity exchanges are closed, traders should be aware some markets remain open with abbreviated hours on Memorial Day 2024:
- U.S. Bond Markets Close Early
- Cryptocurrency Markets Remain Open 24/7
- Some Global Equity Markets Closed, Some Open
Stay Ahead of Market Closures
Memorial Day's shifting date each year can easily sneak up on traders. Marking upcoming market holidays like this on your calendar is essential to proper planning and execution. For the full 2024 schedule of U.S. stock market closures and early closes, check out this article.
