What does Thanksgiving, a cherished American holiday rooted in gratitude, have to do with the stock market? Like other federal holidays in the United States, Thanksgiving prompts closures in financial markets, offering investors and traders a predictable pause in activity.
Thanksgiving, celebrated with family gatherings, turkey feasts, parades, and football games, is also a day that influences trading schedules and market operations. In this article, we’ll explore the history of Thanksgiving as a stock market holiday, how it impacts trading hours, and ideas for how to spend the holiday if you find yourself with a day off.
What is the History Behind Thanksgiving as a Stock Market Holiday?
Thanksgiving Day, celebrated on the fourth Thursday of November, traces its origins back to early colonial harvest celebrations. In 1863, President Abraham Lincoln declared it a national holiday, and it has since become a cornerstone of American culture.
In financial markets, the New York Stock Exchange (NYSE) and other U.S. markets began observing Thanksgiving as a holiday in the early 20th century. By aligning market closures with federal holidays, the tradition allows traders, investors, and financial professionals to partake in family and community gatherings without interruptions.
The practice of closing markets for Thanksgiving has endured for decades, demonstrating the holiday’s significance both culturally and economically.
Is the Stock Market Open or Closed on Thanksgiving?
On Thanksgiving Day (the fourth Thursday of November), the U.S. stock market is officially closed. Both the NYSE and Nasdaq shut down operations entirely for the holiday.
The day after Thanksgiving, often referred to as "Black Friday," typically features a shortened trading session. Markets generally open at their usual time of 9:30 AM Eastern Time but close early at 1:00 PM Eastern Time. This shorter day accommodates the holiday weekend while allowing some market activity to resume.
For 2025, the U.S. stock markets, including the NYSE and Nasdaq, will observe the following schedule around Thanksgiving:
Thanksgiving Day – Thursday, November 27, 2025
Market Closed: Both the NYSE and Nasdaq will be closed for the entire day.
Black Friday – Friday, November 28, 2025
Early Close: The markets will close early at 1:00 PM Eastern Time.
Investors should plan ahead, as these closures may influence trading volumes and liquidity leading up to and immediately following the holiday.
What About Bonds? Are Bond Markets Open or Closed on Thanksgiving?
The bond market, including trading of U.S. Treasury securities, follows a similar holiday schedule as the stock market. On Thanksgiving Day, the bond market is fully closed.
On Black Friday, the bond market generally closes early, but its hours differ slightly from the stock market. The early closure typically occurs at 2:00 PM Eastern Time.
For 2025, the bond market will observe the following schedule:
Thanksgiving Day – Thursday, November 27, 2025
Market Closed: No trading will occur.
Black Friday – Friday, November 28, 2025
Early Close: The bond market will close early at 2:00 PM Eastern Time.
If You Get the Day Off but Don’t Celebrate Thanksgiving, What Might You Do?
Thanksgiving offers a moment of rest, reflection, and reconnection, even for those who do not observe the holiday traditionally. Here are some alternative ways to spend the day:
Volunteer: Many organizations hold food drives, community dinners, and other events to support those in need.
Explore the outdoors: November weather can be ideal for a walk, hike, or outdoor photography session.
Enjoy personal time: Use the quiet day to catch up on reading, hobbies, or relaxation.
Connect with friends: Host a "Friendsgiving" or casual get-together with people who share your interests.
Discover local events: Check out parades, fairs, or public celebrations unique to your area.
Conclusion
Thanksgiving is a significant holiday that provides a well-deserved break for financial markets and their participants. The stock and bond markets close on Thanksgiving Day, with early closures on Black Friday, allowing traders and investors to pause and recalibrate.
Whether you celebrate the holiday traditionally or use the time for personal endeavors, Thanksgiving serves as a reminder to step back, appreciate what we have, and prepare for the busy weeks that often follow. Staying informed about market schedules can help you plan effectively while embracing the holiday spirit.
