Is The Stock Market Open On Thanksgiving 2023?

On Nov 16, 2023

Many people trade stocks on a regular basis, largely thanks to the accessibility of mobile apps and web services. Since tools for trading are so readily available, people may think that they can buy or sell stocks at any time. However, that isn’t necessarily the case, as holidays can mean that the stock market is closed. Since November 23, 2023, is Thanksgiving, you may be wondering, “Is the stock market open on Thanksgiving 2023?” If so, here’s what you should know.

Is the Stock Market Open on Thanksgiving 2023?

No, the US stock market isn’t open on Thanksgiving. The New York Stock Exchange (NYSE) and NASDAQ – which use the same holiday schedule – both close on Thanksgiving, so there aren’t any trading hours. As a result, any trade that can only go through during active trading hours won’t be completed until the stock market reopens on Black Friday.

However, international stock exchanges are typically open. Those exchanges are in other countries, and since this Thanksgiving holiday isn’t an internationally recognized one, it won’t impact the operation of foreign stock exchanges.

Additionally, traders can potentially set up trades on Thanksgiving Day. The trades just won’t execute until the market opens.

Is the Bond Market Open on Thanksgiving 2023?

No, the US bond market isn’t open on Thanksgiving Day in 2023. While the bond market doesn’t have a different holiday schedule, Thanksgiving is one of the holidays where it aligns with the stock market.

Usually, bond market entities align their holiday schedule with recommendations made by the Securities Industry and Financial Markets Association (SIFMA). While they aren’t required to follow the guidelines set up by SIFMA, most do, and since SIFMA recommends closing on Thanksgiving, the bond market is generally considered closed.

Stock Market 2023 Holiday Schedule

As discussed above, both the NYSE and NASDAQ use the same holiday schedule. While it’s highly similar to the federal holiday schedule, there are a couple of key differences.

Here’s an overview of the stock market 2023 holiday schedule:

New Year’s Day (Observed) – Monday, January 2
Martin Luther King, Jr. Day – Monday, January 16
Washington’s Birthday – Monday, February 20
Good Friday – Friday, April 7
Memorial Day – Monday, May 29
Juneteenth – Monday, June 19
Independence Day – Tuesday, July 4
Labor Day – Monday, September 4
Thanksgiving – Thursday, November 23
Christmas Eve – Sunday, December 24
Christmas Day – Monday, December 25

There are also a few early closures during the year. Typically, those occur on the day before Independence Day and the Friday following Thanksgiving.

Do you ever wish that you could handle stock trades on Thanksgiving, or is the holiday closure not an issue? Are there unique investment opportunities around the holidays that you try to leverage this time of year? Share your thoughts in the comments below.

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