|New Year’s Day||January 1||January 1||January 1|
|Martin Luther King, Jr. Day||January 20||January 19||January 18|
|Washington’s Birthday||February 17||February 16||February 15|
|Good Friday||April 18||April 3||March 25|
|Memorial Day||May 26||May 25||May 30|
|Independence Day||July 4||July 3||July 4|
|Labor Day||September 1||September 7||September 5|
|Thanksgiving Day||November 27||November 26||November 24|
|Christmas Day||December 25||December 25||December 26|
Each market will close early at 1:00 p.m. EST on the following dates:
|NYSE Partial Holidays
(1:00 p.m. EST Close)
|Day before Independence Day||July 3||N/A||July 3|
|Day following Thanksgiving||November 28||November 27||November 25|
|Christmas Eve||December 24||December 24||N/A|
Crossing Session orders will be accepted beginning at 1:00 p.m. for continuous executions until 1:30 p.m. on these dates.
The exchanges will select a day of mourning (typically the day of the funeral) upon the death of a U.S. President. While not explicitly detailed in the stock market holiday schedule year after year, the exchanges will also observe moments of silence in commemoration of certain historic events (e.g. on September 11, 2006, it observed the five-year anniversary of 9/11 by closing from 9:29 a.m. to 9:30 a.m.). These observances will often not be accompanied by a halt of trading.
Not Quite NYSE Holidays, but…
Certain extraordinary events will cause the markets to close in addition to scheduled NYSE holidays. In the past, the nature of these events has varied from technical/system failures to natural disasters to war, etc.
Extraordinary market volatility has also had its effect on the NYSE schedule. On October 19, 1987, the Dow Jones Industrial Average (DJIA) dropped 508 points, a 22.6% loss in a single day. Officials invoked the “circuit breaker” rule (Rule 80B) to halt all trading. The decision was highly controversial, and the Rule was later revised with the intention of implementing a pause in trading to give investors time to reassess information and make informed choices during periods of high market volatility.
Under the revised Rule 80B, trigger points were set to signal halts in trading. These triggers were hit only once; this occurred on October 27, 1997, when the DJIA was down 350 points at 2:35 p.m. and 550 points at 3:30 p.m., shutting down the market for the remainder of the day.
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Trigger levels are now set at losses of 10%, 20%, and 30%, calculated at the beginning of each calendar quarter, to set off halts for 30 minutes, one hour, two hours, or the rest of the trading day, depending on the level of loss and the time at which these trigger levels are hit in the trading day.
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