Is The Stock Market Open On Veterans Day?
My answer is Yes.
Although, Veterans Day is a federal holiday in the United States, both the US stock markets, including the New York Stock exchange and Nasdaq, remain open for the whole day, from 9:30 a.m. to 4 p.m. ET.
Contrary to this, fixed-income markets like the bond market remain closed along with post offices, schools, colleges, most banks, and some other less important government institutions.
However, on Wall Street also, a lot of private companies observe the day as a holiday; such as some private broker farms.
Each year, Veterans Day falls on the 11th of November.
[Do You Know? From The Year 1954 To 2006, On Veterans Day, The US Stock Market Followed A Short Two Minute Shutdown On Buying & Selling Stocks. The 53 Years Old Tradition Ended In 2007]
Are Banks Open or Close On Veterans Day?
It is a federal holiday, therefore most government banks, including US Fed remain closed for the day.
However, it is not bound for private banks to observe it as a holiday. If they want, they can choose to open it.
Why Veterans Day Is So Important To The United States of America?
In the United States of America, it is observed on the 11th of November each year.
The day is dedicated to all the veterans of the United States armed forces, who fought and sacrificed their lives for the pride and dignity of their country.
Earlier, it was observed with a different name “Armistice Day”. In 1954, during the presidency of Dwight D. Eisenhower, the US Congress decided to change the name to Veterans Day.
[Do You Know? The First Ever Armistice Day Was Observed On The 11th of November 1919. First World War Victors The USA, Great Britain, France & Other Allies Observed Armistice Day A Year After, The End of World War I]