The American stock market is of great interest to traders from all over the world. It trades stocks and other securities of the biggest companies, so it has huge profit potential. To work as efficiently as possible in this market, you must be well versed in the intricacies of your job. One of them is the time of exchange in New York and other cities, which has several characteristic features. The United States has its own unique holiday calendar that does not match European countries. Since the work of the American stock market is suspended during the holidays, it is simply necessary to know them.
- What day of the week is a day off in the United States.
- When the weekend is on the US Stock Market.
- The American Exchange work on the New Year holidays.
What day of the week is a day off in America?
As in most countries in the Anglo-Saxon world, weekends in the United States are Saturdays and Sundays. Most government agencies, banks and finance companies are closed these days. Stock exchanges are no exception, they stop trading on Friday night and resume their work only on Monday morning. Although the work of the American stock exchange is suspended on holidays, some categories of employees still go to work.
It is noteworthy that Sunday is considered the first day of the week in the United States. The origins of this lie in the religious part of American society, which is more zealous for Christian traditions than others. Thus, a week in the United States begins on a weekend (Sunday) and ends on a weekend (Saturday). But in fact, this does not in any way affect the hours of the stock exchanges, which live according to the generally accepted standards of the working week in the world.
When the weekend is on the US Stock Market
In addition to the standard weekends (Saturday and Sunday), there are also additional “red calendar days” in the United States. They are associated with important dates and memorable holidays. The work of the American stock exchange is closed on holidays. You can see a list of those days below:
As you can see, the list of holidays per year in the United States is not that long and includes 9 days. One of the major national holidays in the United States is Martin Luther King Day , celebrated every third Monday in January. In 2021, this holiday fell on January 18. At this time, commemorative events are held throughout the country, and most federal institutions and private companies are not working.
Another important day for Americans is ” President’s Day ” or Washington Day. This holiday is timed to coincide with the birthday of a prominent figure of the American state, which falls on February 22. In the 1970s, the US Congress decided to schedule this day in honor of all US presidents, and the date itself was postponed to every third Monday in February. Thus, in 2021, this holiday was celebrated on February 15.
The deep religiosity of the Americans is also conditioned by the fact that a day off is established on Good Friday . As you know, this is the Friday before Easter, the date of which is changed every year. Consequently, the date of this weekend changes annually. In 2021, it fell on April 2.
On the last Monday in May, the United States celebrates a single Remembrance Day , dedicated to honoring all American servicemen who have died on the battlefields in various military conflicts. This includes not only those who died in world wars, but also in the American Civil War, Korea, Vietnam, and other wars. This holiday, in a sense, marks the beginning of summer and was celebrated on May 31, 2021.
One of the most solemn holidays in the United States is Independence Day , which is celebrated on the 4th of July. It is one of the few holidays that is postponed if the 4th of July falls on a Saturday or Sunday. In 2021, that day off fell on Monday, July 5.
Every first Monday in September, Labor Day is celebrated in the United States . This is the symbolic end of summer, marking the transition to intensive work. Despite its name, it is a federal holiday and public holiday. In 2021, Labor Day is celebrated on September 6.
Another major holiday for all Americans is Thanksgiving . It is celebrated on the fourth Thursday of November and everyone interprets it differently. In fact, Thanksgiving marks the beginning of the holiday season, which continues through the end of the year. In 2021, this day is celebrated on November 25, and the following Friday is the short day.
The American Exchange work during the New Year holidays.
The work of the American stock exchange on the New Year holidays is closed only for two days – on Christmas and New Year. Christmas is one of the main holidays for Americans and is celebrated on December 25. Traditionally, the trading day before Christmas is short and the trading session ends at 1:00 pm local time in the United States. The next vacation is New Years. Unlike many CIS countries, the United States does not have long New Year holidays, and the exchange stops working only for one day – January 1. Of course, except for those cases in which the New Year holidays coincide with the weekend.
The American stock exchange work on holidays is closed on weekends (Saturday and Sunday), as well as on special days and memorable holidays. These days are established at the legislative level and have 9 dates per year. Forex work during the holidays in the United States is also suspended, however, trading can be done on other trading floors. This is due to the fact that the work of the Forex market is international.