Stock Market Holiday Schedule for 2016 and 2017: NASDAQ
Regular hours for the NASDAQ are Monday through Friday, 9:30 a.m. to 4:00 p.m. EST. However, the stock market observes U.S. holidays for which the markets close, so below you will find the NASDAQ holidays for 2016 and 2017.
|New Year’s Day||January 1||January 2|
|Martin Luther King Jr. Day||January 18||January 16|
|Washington’s Birthday||February 15||February 20|
|Good Friday||March 25||April 14|
|Memorial Day||May 30||May 29|
|Independence Day||July 4||July 4|
|Labor Day||September 5||September 4|
|Thanksgiving Day||November 24||November 23|
|Christmas Day||December 26||December 25|
Each market will close early at 1:00 p.m. EST on the following dates:
|NASDAQ Partial Holidays
(1:00 p.m. EST Close)
|Day before Independence Day||July 3||July 3|
|Day following Thanksgiving||November 25||November 24|
Crossing Session orders will be accepted beginning at 1:00 p.m. for continuous executions until 1:30 p.m. on these dates.
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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.
Related Article: NYSE Holidays 2016, 2017 Schedule
Not Quite NASDAQ Holidays, But…
Certain extraordinary events will cause the markets to close in addition to scheduled NASDAQ holidays. In the past, the nature of these events has varied from technical/system failures to natural disasters, war, and more.
Extraordinary market volatility has also had its effect on the NASDAQ 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.
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.