Is the stock market open on Christmas Eve and Christmas? Normally, the answer to that question is no-ish. That's because Christmas Eve is typically an early closure day for Wall Street, while both the stock and bond markets are closed for the entirety of Christmas Day.
However, Christmas Eve falls on a Sunday in 2023, while Christmas Day is on Monday. So market participants will be completely off on both Christmas Eve and Christmas Day.
The stock market has built up impressive gains so far in December, aided in part by signs that inflation is easing and that the Federal Reserve is likely done raising interest rates and could be ready to start cutting them next year. As of this writing, the Nasdaq Composite is up 4.6% for the month-to-date, while the S&P 500 is 3.8% higher and the Dow Jones Industrial Average has added 3.9%.
Sign up for Kiplinger’s Free E-Newsletters
Profit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more - straight to your e-mail.
Profit and prosper with the best of expert advice - straight to your e-mail.
If history is any guide, stocks could continue this momentum into year's end. According the the Stock Trader's Almanac, the so-called Santa Claus Rally, which typically occurs during the last five trading days of the year and the first two trading days of the new year, has occurred 58 times since 1950, resulting in a 1.4% return for the S&P 500.
Are banks open on Christmas? The answer to that question is no. Christmas Day is one of several bank holidays in 2023, so banks will not be open.
Below, we feature a full schedule of all stock market holidays and bond market holidays for 2023.
2023 Market Holidays
| Date | Holiday | NYSE | Nasdaq | Bond Markets* |
|---|---|---|---|---|
| Monday, January 2 | New Year's Day (Observed) | Closed | Closed | Closed |
| Monday, January 16 | Martin Luther King, Jr. Day | Closed | Closed | Closed |
| Monday, February 20 | Presidents' Day/Washington's Birthday | Closed | Closed | Closed |
| Thursday, April 6 | Maundy Thursday | Open | Open | Early close (2 p.m.) |
| Friday, April 7 | Good Friday | Closed | Closed | Closed |
| Friday, May 26 | Friday Before Memorial Day | Open | Open | Early close (2 p.m.) |
| Monday, May 29 | Memorial Day | Closed | Closed | Closed |
| Monday, June 19 | Juneteenth National Independence Day | Closed | Closed | Closed |
| Monday, July 3 | Monday Before Independence Day | Early close (1 p.m.) | Early close (1 p.m.) | Early close (2 p.m.) |
| Tuesday, July 4 | Independence Day | Closed | Closed | Closed |
| Monday, September 4 | Labor Day | Closed | Closed | Closed |
| Monday, October 9 | Columbus Day | Open | Open | Closed |
| Friday, November 10 | Veterans Day (Observed) | Open | Open | Open |
| Thursday, November 23 | Thanksgiving Day | Closed | Closed | Closed |
| Friday, November 24 | Day After Thanksgiving | Early close (1 p.m.) | Early close (1 p.m.) | Early close (2 p.m.) |
| Monday, December 25 | Christmas Day | Closed | Closed | Closed |
* This is the recommended bond market holiday schedule from the Securities Industry and Financial Markets Association (SIFMA). This schedule is subject to change.
Related links
- Kiplinger's Earnings Calendar for This Week
- When Is the Next Fed Meeting?
- When is the Next CPI Report?
-
Stock Market Today: Stocks Rally Despite Rising Geopolitical TensionThe main indexes were mixed on Tuesday but closed well off their lows after an early flight to safety.
-
What's at Stake for Alphabet as DOJ Eyes Google's ChromeAlphabet is higher Tuesday even as antitrust officials at the DOJ support forcing Google to sell its popular web browser. Here's what you need to know.
-
Stock Market Today: Stocks Rally Despite Rising Geopolitical Tension
The main indexes were mixed on Tuesday but closed well off their lows after an early flight to safety.
-
Stock Market Today: Nasdaq Jumps Ahead of Nvidia EarningsIt was a mostly positive start to a new week of pricing in more Donald Trump.
-
Stock Market Today: Stocks Drop as Post-Election Party EndsIt was a red finish on Wall Street Friday with tech stocks selling off ahead of Nvidia's upcoming earnings event.
-
Stock Market Today: Stocks Slip After Powell Talks Rate CutsThe main indexes closed lower Thursday after Fed Chair Powell said there's no rush to cut rates.
-
Stock Market Today: Markets Waver as Inflation Continues to EaseStocks gave up early gains as waning consumer price inflation leaves rate-cut bets essentially unchanged.
-
Stock Market Today: Stocks Retreat on Renewed Inflation, Interest Rate QuestionsStocks were lower and yields were higher on Tuesday, with markets reflecting the uncertain transition from campaign promises to real-world policies.
-
Stock Market Today: S&P 500 Tops 6K as Election Rally EnduresThe S&P 500 closed just below the 6,000 mark on Monday.
-
Stock Market Today: S&P 500 Nears 6K in Best Week of the YearOptimism around Donald Trump's election win, the Fed rate cut and consumer sentiment sent markets to new highs Friday.
