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Are NYSE and Nasdaq open?

The bond market and holidays are different

Bond traders follow a more extensive holiday calendar as per the guidelines of the Securities Industry and Financial Markets Association (SIFMA), a trading group that represents investment firms, banks and asset management companies. It includes an early closing (at 2 p.m. ET) on New Years Eve, Friday, December 31, 2021. In 2022, US bond markets will close on the nine days of market silence and Columbus Day (Monday, October). . 10) and Veterans Day (Friday, November 11th). Like the NYSE and Nasdaq, the bond markets add the new federal holiday in June.

Bond markets close six times early in 2022, closing the day before Good Friday, the Friday before Memorial Day, the Friday before Independence Day, Black Friday, Christmas Eve (observed on Friday, Dec. 23), and New Year’s Eve ( observed on Friday, December 30th, 2022).

The stock exchange calendar is also different from the Federal Reserve System’s holiday schedule, which is followed by most US banks. The Fed follows Columbus Day and Veterans Day, does not take Good Friday off, and has no officially scheduled early closing days.

Exchanges rarely sleep long

Except in rare cases, three-day holiday weekends are the longest time the stock market goes silent. The stock exchanges were closed for more than three days only a few times in the past century, most recently during the super storm Sandy in 2012 and after the attacks of September 11, 2001.

The three-day limit is not a formal guideline, but rather a rule of thumb that prevents “investor fear” from building up during prolonged downturns and volatility when the market reopens, says Sam Stovall, chief investment strategist at Investment Research firm CFRA .

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

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