Investors might be wondering how the markets are affected by Veterans Day.
The holiday, which is observed annually on Nov. 11, falls on Saturday this year. But according to the U.S. Department of Veterans Affairs, the holiday will be observed Friday.
The
Dow Jones Industrial Average
entered Friday up 2.3% this year, the
S&P 500
has gained 13%, and the
Nasdaq Composite
has risen 29%.
Keep scrolling for everything you need to know.
Is the Stock Market Open Friday for Veterans Day 2023?
The New York Stock Exchange and the Nasdaq Stock Market will be open Friday—9:30 a.m. Eastern time to 4 p.m.—and be closed as usual on Saturday. The bond market also will have regular hours Friday.
Are International Stock Exchanges Closed on Friday?
International markets—including those in London, Hong Kong, Tokyo, Shanghai, and Toronto—will be open.
What Is Veterans Day?
A federal holiday, Veterans Day honors people who served in the United States’ armed forces. Originally known as Armistice Day, the observance began in 1919 on the first anniversary of the armistice that ended World War I in 1918, according to Britannica.
“This Veterans Day, may we honor the incredible faith that our veterans hold, not just in our country but in all of us,” President Joe Biden said in a proclamation earlier this week. “They are the solid-steel backbone of our Nation, and we must endeavor to continue being worthy of their sacrifices by working toward a more perfect Union and protecting the freedoms that they have fought to defend.”
Are Banks and the Post Office Open on Saturday?
The United States Postal Service will be closed on Saturday, with no mail delivery or retail services, according to a USPS spokesman.
While the Federal Reserve’s Board of Governors is shut Friday, Fed banks will be open on Saturday, according to the Fed’s website.
Private banks’ Saturday hours vary depending on the company.
How Has the Stock Market Performed on Veterans Day?
Based on available data back to 1954, the S&P 500 has averaged a gain of 0.1% on Nov. 11, according to Dow Jones Market Data. The index’s best performance was in 1979, when it rose 2%, and its worst performance was in 2000, when it fell 2.4%.
What Should I Look Out For Next Week?
Next week, investors can expect the release of earnings reports from
Home Depot
(HD),
Target
(TGT), and
Walmart
(WMT), among other companies, which should offer insight into the state of the consumer ahead of Black Friday.
Write to Emily Dattilo at [email protected]
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