TradingKey - On Monday, October 12 (Eastern Time), the New York Stock Exchange and Nasdaq will trade normally with no early close. Regular trading hours are from 9:30 a.m. to 4:00 p.m. SIFMA recommends a full-day market close for related bond trading, and some payment services will also follow a holiday schedule.
Columbus Day is a U.S. federal holiday observed on the second Monday of October each year, but it is not a regular trading holiday for the NYSE and Nasdaq.
Market or Business | October 12 Schedule |
NYSE and Nasdaq Equities and ETF Trading | Normal trading, with regular hours from 9:30 to 16:00 |
U.S. Bond Market | SIFMA recommends a full-day closure for related fixed-income securities trading |
Federal Reserve Financial Services | Multiple services observe holiday schedules, while FedNow operates as usual |
Trading hours in the table are in Eastern Time. Pre-market, post-market, and other extended trading hours are subject to your broker's service schedule.
The Securities Industry and Financial Markets Association (SIFMA) recommends a full-day market close on October 12 for trading in US dollar fixed-income securities across the US, UK, and Japanese markets, covering US Treasuries, over-the-counter investment-grade and high-yield corporate bonds, municipal bonds, and mortgage-backed securities, among other instruments. This arrangement serves as an industry recommendation, and individual institutions may decide at their own discretion whether to implement it.
When checking US Treasury yields on that day, investors should verify the quote timestamp and source to avoid mistaking data from the previous trading day for real-time market prices.
Bond ETFs listed on US exchanges that remain open for normal trading can still be traded. Investors should pay attention to bid-ask spreads and verify the date of the fund's net asset value (NAV). Discrepancies between an ETF's price and its NAV may be influenced by bond valuation methodologies and update timing, and such differences alone should not be used to judge whether a fund is overvalued or undervalued.
On Columbus Day, multiple Federal Reserve financial services will operate on a holiday schedule, while the FedNow instant payment service will run as normal. Deposits, withdrawals, and transfers processed through banking channels affected by the holiday schedule may experience delays in arrival times, subject to specific notices from banks and brokerages.
Investors planning to trade on that day should verify their available account funds and transfer status in advance, and check trading hours and fund arrival times separately.
According to the calendar released by the exchanges, the next scheduled full-day market closure for the NYSE and Nasdaq is Thanksgiving Day on November 26. On November 27, the day after Thanksgiving, the stock market will close early at 13:00 Eastern Time.
Date | Holiday | U.S. Stock Regular Trading Schedule |
October 12 | Columbus Day | 9:30 to 16:00 |
November 11 | Veterans Day | 9:30 to 16:00 |
November 26 | Thanksgiving Day | Closed all day |
November 27 | Day after Thanksgiving | 9:30 to 13:00, early close |