NYSE and Nasdaq · Indigenous Peoples' Day
Is the Stock Market Open on Columbus Day?
Yes. The stock market is open on Columbus Day. The NYSE and Nasdaq run a full 9:30 a.m. to 4:00 p.m. ET session on the second Monday of October, even though it is a federal holiday and the bond market is closed.
Columbus Day across US markets
Stocks, options, bonds, futures, forex
| Market | On Columbus Day | Hours |
|---|---|---|
| Stocks (NYSE, Nasdaq) | Open | 9:30 a.m. to 4:00 p.m. ET, normal session |
| Options (Cboe, Nasdaq, NYSE Arca) | Open | 9:30 a.m. to 4:15 p.m. ET |
| Bonds (US Treasuries, SIFMA) | Closed. SIFMA recommends a full close of the US bond market on Columbus Day (October 12, 2026). | |
| Futures (CME Globex) | Normal CME Globex schedule; equity index futures trade as on any Monday. | |
| Forex | Open. Forex has no other holidays; expect thin liquidity around US holidays. | |
What traders should know about Columbus Day
Columbus Day, also observed as Indigenous Peoples' Day, is the clearest example of a split holiday in US markets. Stocks and options trade normally. The bond market does not: SIFMA recommends a full close for US fixed income, so Treasury trading stops while equities keep going.
The reason is the banking system. Columbus Day is a federal holiday, so the Federal Reserve and most banks are closed and the Fedwire settlement system does not run. Bond trades cannot settle, so the dealers close; stock exchanges have never observed the day and simply carry settlement over to the next business day.
For traders the practical effect is a quieter equity session with no Treasury market to lean on, and stock trades from Friday and Monday that settle a day later than usual. Economic data releases are usually shifted off the holiday as well.
Columbus Day questions
Is the bond market open on Columbus Day?
No. SIFMA recommends a full close for the US bond market on Columbus Day.
Why is the stock market open on Columbus Day but not the bond market?
Columbus Day is a bank holiday. Bond trades settle through the Federal Reserve's systems, which are closed, so fixed-income dealers close. The NYSE has never observed the holiday.
When is Columbus Day in 2026, 2027 and 2028?
October 12, 2026; October 11, 2027; and October 9, 2028. It is always the second Monday of October.