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AmextaFinance > Finance > Are banks open on Labor Day? Do UPS and FedEx deliver?
Finance

Are banks open on Labor Day? Do UPS and FedEx deliver?

News Room
Last updated: 2023/09/01 at 10:21 AM
By News Room
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Say farewell to summer.

True, the season doesn’t officially end until Sept. 23 this year. But most of us consider the Labor Day weekend the unofficial end, and we often celebrate it by gathering with friends and family for picnics and barbecues, or by attending events of all kinds.

Of course, Labor Day, which falls on the first Monday in September, is really about something else — namely, it’s “an annual celebration of the social and economic achievements of American workers,” as the U.S. Department of Labor describes it. The commemoration dates back to the late 19th century and was made a legal U.S. holiday in 1894.

So naturally, there are many closings on Labor Day. Here’s what to keep in mind this year. 

Is the stock market open on Labor Day?

All key markets — NYSE, Nasdaq and the bond markets — are closed.

Is the post office open on Labor Day?

The U.S. Postal Service (USPS) will not deliver mail on Monday. FedEx
FDX,
+0.49%
will not be operating, except for its Custom Critical shipments; FedEx Office stores will have modified hours. Similarly, UPS
UPS,
+0.20%
will not offer service, save for its Express Critical shipments; UPS Store locations are closed.

Are banks open on Labor Day?

Banks are generally closed on Labor Day, although you can always visit an ATM to withdraw money or deposit cash, and you can still use your banking app to transfer funds. Check with your local branch to be sure.

Are government offices open on Labor Day?

Since Labor Day is a federal holiday, all nonessential federal government offices are closed (and the same generally applies to state government offices).

Are schools open on Labor Day?

Schools are typically closed on Labor Day, though it’s always best to check with your local school district.

Are most stores open on Labor Day?

It’s a big three-day shopping weekend, and most stores are open throughout. But there are some exceptions — notably, Costco
COST,
-0.11%
locations are closed on Labor Day itself. Sales on such items as clothing, appliances, mattresses, grills and outdoor gear are common at many retailers during the holiday weekend.

Read the full article here

News Room September 1, 2023 September 1, 2023
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