With the close of this year and the start of a new one, all of us look forward to the holiday calendars for the next year. The New York Stock Exchange Holidays for 2017 are:
New Year’s Day January 2
Martin Luther King, Jr Day January 16
Washington’s Birthday February 20
Good Friday April 14
Memorial Day May 29
Independence Day July 4
Labor Day September 4
Thanksgiving Day November 23
Christmas December 25
In addition to these holidays, the stock market also includes partial holidays where the market closes at 1:00 pm EST. The dates for partial holidays in 2017 are:
Day before Independence July 3
Day following Thanksgiving November 24
On days of partial holidays, the crossing session orders are accepted beginning at 1:00 pm until 1:30 pm for continuous exertions.
Christmas Eve would have been a partial holiday, but because it is on the weekend, the market is closed as usual. A lot of European stock markets also observe a holiday on Easter Monday, however the NYSE is open on this day it also remains open on Boxing Day unlike the stock markets in London, Toronto and Australia. However, if Christmas falls on a weekend, the stock markets usually remain closed on the following Monday but it is not because of Boxing Day celebration.
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The usual working hours for the New York Stock Exchange are 9:30 am to 4:30 pm EST throughout the week. The stock market is closed on weekends. Stock market holidays 2017 will be observed on the above mentioned dates. While these are the dates when the stock exchange is closed, there are other unforeseen events which may cause the stock market to close as well. While the schedules NYSE holidays are pre-planned, other events like natural disasters or technical failures which are unplanned can disrupt the usual functioning of the NYSE and cause it to shut down.
The NYSE also pauses trading during times of high market volatility. While such an event is extremely rare and the last time it happened was on October 12, 1997. This was when the Dow Jones Industrial Average (DJIA) dropped 350 points at 2:35 pm and then an hour later it was down 550 points. This made the NYSE, shut down the market for the rest of the day. This was done so that the investors take time to analyze the events before making any decision. It helps in giving them a chance to make informed choices when the markets are highly volatile.
The market observes halts now depending on the level of loss and the time of the day when the triggers are observed. This is according to the Revised Rule 80B. The pause in trading is useful for investors and it also ensures that the market does not experience unwanted swings in trading because of unanticipated market volatility. This is one of the things that can impact stock market holidays 2017.
While the stock exchange holiday calendar does not explicitly mention it, the stock market usually selects a days of mourning on the death of a U.S. president. It also observes moments of silence to remember certain historical events which have had a profound impact on the city and the country. These moments of silence are very short and usually last for a minute.
While the stock exchange remembers solemn events, it also celebrates on joyful occasions like the day when man first landed on the moon, July 21, 1969. There are other celebratory events as well when the stock markets have observed a holiday.
The holiday calendar helps us plan our holidays and find out the dates when we can enjoy some time off work. This helps a lot of people plan their travels or meet friends and family during these holidays. Knowing the calendar in advance is helpful. While some of the holidays are unanticipated and they may come without any planning, these are fixed dates for next year when the stock exchange will definitely observe holidays.
A great thing about 2017 is that it begins on a weekend so we can start on an extended vacation plan. We could hardly look forward to a better way of welcoming the new year than by celebrating it with an additional holiday.