Stock Market Holiday Schedule: Thanksgiving and Black Friday Trading Hours Explained

Wall Street will observe its annual Thanksgiving holiday closure this week. The New York Stock Exchange and Nasdaq will be shut down on Thursday. This follows the standard schedule for U.S. federal holidays.Investors should prepare for a shortened trading week. Markets will also close early the following day.

2025 Fourth Quarter Market Closures

According to the official calendar from the New York Stock Exchange, two full closures remain in 2025. Markets will be closed all day on Thanksgiving, November 27, and Christmas Day, December 25. This aligns with historical patterns.Additionally, two early closures are scheduled for the quarter. Trading will end at 1:00 p.m. EST on Black Friday, November 28. The same early schedule applies to Christmas Eve, December 24.

Understanding Early Closure Implications

These abbreviated sessions can impact trading liquidity. Volume often thins out significantly in the final hours. This can lead to heightened price volatility for certain stocks.For retail investors, it is crucial to plan orders accordingly. The standard 9:30 a.m. to 4:00 p.m. window is cut short. According to Reuters, traders should be aware of wider bid-ask spreads during this period.The bond market follows a similar but distinct schedule. The Securities Industry and Financial Markets Association recommends an early 2:00 p.m. close on both November 28 and December 24. This provides a clear timeline for all major U.S. financial markets.

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Knowing the official stock market holiday schedule is essential for managing your investment portfolio and avoiding unexpected trading disruptions during the festive season.

Info at your fingertips

Is the stock market open on Black Friday?

The stock market is open on Black Friday but with a shortened trading session. It closes at 1:00 p.m. Eastern Time. This is a longstanding tradition on Wall Street.

What are the risks of trading during early market hours?

Lower trading volumes can increase price volatility during early closes. This might lead to less favorable trade execution. It is generally advised to exercise caution.

Is the bond market closed on Thanksgiving?

Yes, the bond market is fully closed on Thanksgiving Day. It also follows an early closure schedule the day after Thanksgiving. This mirrors the stock market’s holiday observance.

How many early closures does the stock market have per year?

Typically, there are only a few early closures annually. Besides Black Friday, Christmas Eve is the other common one. Occasionally, a day before Independence Day is also shortened.

Can I still place trades when the market is closed?

You can place orders, but they will not execute until the market reopens. This applies to most standard brokerage accounts. After-hours trading is a separate function with its own risks.