As investors navigate the 2025 trading calendar, understanding upcoming stock market holidays and early closures is essential for effective portfolio management and trade planning. The New York Stock Exchange (NYSE), Nasdaq, and bond markets observe several full-day closures and early closing sessions throughout the year, impacting liquidity and market activity.
Full Market Holidays in 2025
In 2025, the NYSE, Nasdaq, and bond markets will be fully closed on the following dates:
Monday, January 20 — Martin Luther King Jr. Day
Monday, February 17 — Presidents Day
Friday, April 18 — Good Friday
Monday, May 26 — Memorial Day
Thursday, June 19 — Juneteenth National Independence Day
Friday, July 4 — Independence Day
Monday, September 1 — Labor Day
Thursday, November 27 — Thanksgiving Day
Thursday, December 25 — Christmas Day
These closures reflect traditional U.S. federal holidays and observances when markets pause trading.
Early Market Closures and Partial Holidays
Several days in 2025 will feature early market closes, primarily affecting bond markets and occasionally equities:
Friday, May 23 (Day before Memorial Day): Bond markets close early at 2:00 p.m. ET; equity markets remain open regular hours.
Thursday, July 3 (Day before Independence Day): Equity markets close early at 1:00 p.m. ET; bond markets close at 2:00 p.m. ET.
Friday, November 28 (Black Friday): Equity markets close early at 1:00 p.m. ET; bond markets close at 2:00 p.m. ET.
Wednesday, December 24 (Christmas Eve): Equity markets close early at 1:00 p.m. ET; bond markets close at 2:00 p.m. ET.
Wednesday, December 31 (New Year’s Eve): Bond markets close early at 2:00 p.m. ET; equity markets operate regular hours.
Market Open Status on Select Holidays
Columbus Day/Indigenous Peoples’ Day (Monday, October 13, 2025): Equity markets open; bond markets closed.
Veterans Day (Tuesday, November 11, 2025): Bond markets closed; equity markets open.
Regular Market Hours
The NYSE and Nasdaq operate Monday through Friday from 9:30 a.m. to 4:00 p.m. Eastern Time, excluding the holidays and early closes listed above. Weekends are non-trading days.
Context and Market Impact
Understanding these holiday schedules is critical, especially amid current market dynamics. After a strong finish to 2024, U.S. equity markets experienced volatility early in 2025, influenced by geopolitical developments and monetary policy shifts. Notably, Moody’s downgraded the U.S. sovereign credit rating from Aaa to Aa1 on May 19, which adds caution to market sentiment.
Investors should plan trades around these holiday closures to avoid liquidity risks and unexpected price gaps. Early closes typically see reduced volume and can affect execution prices, particularly in bond markets.
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