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A statue of Christopher Columbus is pictured on July 9, 2020 in the Astoria neighbourhood in the Queens borough of New York City.
johannes eisele/Agence France-Presse/Getty Images
Some U.S. financial markets will be open next Monday, October 12 in observance of the federal holiday Columbus Day.
While bond traders will get the day off, equity markets will remain open for business. The New York Stock Exchange and the NASDAQ will both be open regular hours.
Columbus Day and Veterans Day are the two federal holidays when stocks continue to trade.
The break will come at a time when markets have become increasingly volatile ahead of the presidential elections on November 3. That hasn’t stopped U.S. equity benchmarks from racking up gains amid signs that the election result may arrive sooner than expected, easing concerns that political uncertainty will keep markets on edge through November.
Read: Stocks are rallying because fears of a contested election are fading
The S&P 500 SPX, +0.95% and Dow Jones Industrial Average DJIA, +0.79% were both up over 3% this week, while the Nasdaq COMP, +1.17% was on pace for a more than 4% gain. The 10-year Treasury note yield TMUBMUSD10Y, 0.787% was unchanged for the day at 0.765%, but up 7 basis points since last Friday’s close.
Commodity futures markets on the Chicago Mercantile Exchange will remain open Monday, though some tropical product commodities that trade on the Intercontinental Exchange will not trade.
It’s also a holiday in Canada on Monday for that country’s Thanksgiving Day and the Toronto Stock Exchange will be closed.
