It's almost a perennial question on Wall Street. With Columbus Day a federal holiday on Monday, investors are curious if the stock market will be opened.
It’s almost a perennial question on Wall Street. With Columbus Day a federal holiday on Monday, investors are curious if the stock market will be opened.The bond market isn’t. Bond traders are off as recommended by the Securities Industry and Financial Markets Association, known as Sifma.
As per usual, the Intercontinental Exchange ICE, +1.34% -owned New York Stock Exchange and the Nasdaq Inc. NDAQ, -0.26% will both be open regular hours. So, the Dow Jones Industrial Average DJIA, -0.03%, the S&P 500 index SPX, -0.19% and the Nasdaq Composite Index COMP, -0.51%, to note the three main U.S. bourses, can figure out whether the weaker-than-expected jobs report released on Friday was bullish or bearish in the near term.
Begun back in 1792 and declared a federal day off in 1937 by President Franklin D. Roosevelt, Columbus Day marks a state and federal holiday. Federal offices, including the U.S. Treasury Department, are closed. That means, Treasurys—a chunk of typical trading activity on regular days and a key benchmark—are also forced to take a holiday.
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