Columbus Day, which falls on Monday, October 14, 2024, is a U.S. holiday, but not all financial markets will be taking the day off.

The holiday, observed on the second Monday of October, celebrates Christopher Columbus landing in North America back in 1492. However, in some states, it’s now called Indigenous People’s Day to honor the resilience of Native Americans during the period of colonization. President Joe Biden first recognized this holiday at the White House in 2021.

Stock Market Hours on Columbus Day 2024

Wondering if the stock market will be open on Columbus Day? Good news: The New York Stock Exchange and Nasdaq will be operating during their regular hours on Monday. Over-the-counter markets will also remain open. However, bond markets will be closed for the holiday.

Post Offices and Banks

If you’re planning to visit the post office or bank on Monday, you might want to reschedule. The U.S. Postal Service will be closed, along with the Federal Reserve, and most banks follow that same schedule.

International Markets

Since Columbus Day is a U.S. holiday, international markets will generally remain open. However, the Toronto Stock Exchange will be closed because Canada celebrates its Thanksgiving Day on the same date.

What Should Investors Expect This Week?

This week is packed with earnings reports from major companies like UnitedHealth Group, Johnson & Johnson, Bank of America, Abbott Laboratories, and Taiwan Semiconductor. In addition to company reports, investors can look forward to important economic data on jobless claims, retail sales, and housing starts.

October Market Performance

Historically, October tends to be a decent month for stocks. On average, the S&P 500 posts a 0.5% gain during this month. So, while some markets take the day off for Columbus Day, the rest of the month could still bring positive results.