Monday, September 5, 2022, is Labor Day, a federal holiday that many companies and entities celebrate with holiday closures. Since many people end up with a day off from work due to the holiday, some may want to use the time to handle certain activities, like completing stock trades. But you may be wondering, “Is the stock market closed on Labor Day 2022?” If you’re asking that question, here’s what you need to know.
Is the Stock Market Closed on Labor Day 2022?
Yes, the US stock market is closed on Labor Day. Both the New York Stock Exchange (NYSE) and Nasdaq use the same holiday schedule, and while they’re both typically open on Mondays, they are closing in recognition of the holiday.
Additionally, both stock markets don’t have traditional trading hours on Saturdays or Sundays. As a result, if you need to complete trades before Labor Day, you’ll need to wrap them up on Friday, September 2, 2022. Otherwise, you’ll have to wait until the Tuesday after the holiday, which is September 6, 2022.
Are Trading Sessions Using a Holiday Schedule on the Friday Before Labor Day?
While the Nasdaq and NYSE do occasionally close early on the day before a holiday, that isn’t the case for the Labor Day holiday. As a result, normal trading session hours are in place for Friday, September 2, 2022.
Are International Stock Markets Closed on Labor Day?
Generally speaking, international stock markets are open on Labor Day. In the end, Labor Day is a US holiday, so it isn’t recognized by other nations. That means those markets are typically open on Labor Day.
However, there’s always a chance a foreign holiday also occurs on Labor Day. If that happens, then the corresponding international stock market may close to recognize that event.
US Stock Market 2022 Holiday Schedule
Whether you’re an active trader or a casual investor, it’s critical to know the stock market holiday schedules. That allows you to plan your trades accordingly, ensuring any transactions will go through at the right time. Plus, it allows you to seize certain trading opportunities that holiday closures can create, which may work in your favor.
Here is a look at the NYSE and Nasdaq holiday schedule for 2022:
- New Year’s Day – Friday, December 31, 2021 (Observed)
- Martin Luther King, Jr. Day – Monday, January 17, 2022
- President’s Day – Monday, February 21, 2022
- Good Friday – Friday, April 15, 2022
- Memorial Day – Monday, May 30, 2022
- Juneteenth – Monday, June 20, 2022 (Observed)
- Independence Day – Monday, July 4, 2022
- Labor Day – Monday, September 5, 2022
- Thanksgiving Day – Thursday, November 24, 2022
- Christmas Day – Monday, December 26, 2022 (Observed)
It’s also important to note that the stock market typically closed early on the Friday following Thanksgiving. Usually, the normal trading session ends at 1:00 pm EDT on that day, so it’s crucial to plan accordingly if you are planning on trading on the Friday after Thanksgiving.
Have you ever wanted the stock market to be open on Labor Day, or has it never been an issue? If you trade near the holiday, what strategies do you use to ensure everything completes before the holiday closure? Share your thoughts in the comments below.
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Image and article originally from www.savingadvice.com. Read the original article here.