This Veterans Day, while many businesses will be closed in observance of the holiday, the stock markets will remain open for trading. Here’s a breakdown of what you can expect from financial services on Monday, November 11th, 2024.
Stock Markets Remain Active
The New York Stock Exchange and Nasdaq Stock Market will maintain their regular trading hours, allowing investors to continue their market activities. This follows a strong year for the markets, with major indices like the Dow Jones Industrial Average, S&P 500, and Nasdaq Composite experiencing impressive growth. Last week, markets saw a surge driven by news of Donald Trump’s election victory, with indices posting significant gains.
Bank Branches Closed, Online Services Available
Major financial institutions such as Wells Fargo, Bank of America, JPMorgan Chase, and TD Bank will close their physical branches for the day. Federal Reserve banks will also suspend operations. While branches are closed, customers can still access their accounts and financial services through online platforms and mobile apps. It’s always a good idea to verify specific branch hours through your bank’s website or mobile app.
Bond Markets Pause, Over-the-Counter Markets Open
Bond markets will be closed on Monday and resume trading on Tuesday at 8 a.m. Eastern. However, over-the-counter markets will operate as usual, providing an alternative avenue for certain financial transactions.
Global Markets Unaffected
While Veterans Day is a U.S. federal holiday, international markets, including the London Stock Exchange, Hong Kong Stock Exchange, and Shanghai Stock Exchange, will continue their regular trading activities.
Remembering Veterans Day
First observed in 1919 to commemorate the World War I armistice, Veterans Day continues to honor military veterans and those who sacrificed their lives for our nation’s freedom. Alongside financial markets, other services will also be affected by the holiday. Post offices will be closed, and mail delivery services will be suspended.
