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For active traders and investors, keeping track of market holidays is crucial to avoid surprises and plan accordingly. One holiday that comes up each year is Good Friday, which falls on March 29th in 2024. The question "Is the stock market closed on Good Friday?" is a common one as the date changes annually. Here's what you need to know about Good Friday's impact on the U.S. stock markets in 2024.
Good Friday 2024 - The Markets are Closed
Yes, the New York Stock Exchange (NYSE) and Nasdaq will both be completely closed on Good Friday, March 29th, 2024 in observance of the Easter holiday. No trading will take place on these major U.S. equity markets.
Why is Good Friday a Market Holiday?
Good Friday is a Christian and federal holiday commemorating the crucifixion of Jesus Christ. It falls during the Holy Week leading up to Easter Sunday. The U.S. stock markets have historically shut down each year on Good Friday.
Plan Ahead for the Long Weekend
With Good Friday falling on March 29th in 2024, investors and traders should note this creates an extended 3-day weekend. Markets will reopen for normal trading hours on the following Monday, April 1st.
The long Easter weekend tends to result in lower trading volumes and volatility compression leading up to the Friday market close. Traders often avoid holding positions over the extended break to eliminate downside risk from a gap against their positions.
Other Impacted Markets on Good Friday
While the major U.S. equity exchanges are closed, traders should be aware some markets remain open with abbreviated hours on Good Friday 2024:
- U.S. Bond Markets Close Early
- Cryptocurrency Markets Remain Open 24/7
- Some Global Equity Markets Closed, Some Open
Stay Ahead of Market Closures
Good Friday's shifting date each year can easily sneak up on traders. Marking upcoming market holidays like this on your calendar is essential to proper planning and execution. For the full 2024 schedule of U.S. stock market closures and early closes, check out this article.
